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Inflation indexed bonds to be issued in a month: RBI

RBI is in the advanced stages of discussion with the government for the launch of inflation index bonds

May 06, 2013 12:34 IST | India Infoline News Service
The Reserve Bank of India (RBI) said inflation index bonds are expected to be launched in a month.

RBI Deputy Governor HR Khan said that it is in the advanced stages of discussion with the government for the launch of inflation index bonds.

Mr Khan was speaking on the sidelines of an event organised by CII at the ADB annual meet in Greater Noida (Uttar Pradesh) on 4th May.

He said that retail participation will be allowed right from the start. However, the quantum of retail portion is being decided.

In Budget 2013-14, Finance Minister P Chidambaram announced inflation indexed bonds to protect savings of the poor and middle class from inflation and offer alternative to investment in non-productive assets like gold.

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