06 August, 2019
3 Min Read
GS-III: Borrow abroad and profit
The government is planning to issue 10 year bonds denominated in foreign currency.
Why it is a good idea
Problems with these bonds
No country has grown at “trend” rates with a real repo rate of around 3.4%, not even 2.4% or 2%. Issuing bonds now is an idea whose time has come.
Source: Indian Express
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