MUMBAI Aug 6 Reserve Bank of India is not
looking to scrap foreign investment limits in government bonds,
Governor Raghuram Rajan said on Wednesday, adding it would be
"premature" to do that before the global unwinding of stimulus
measures and the start of a rate hike cycle.
The inclusion of government bonds into global indices is
still in at a discussion stage, Rajan added, and reiterated the
need to open the limits at a "measured pace", in a
teleconference with analysts and researchers.
Separately, RBI Deputy Governor H.R. Khan said the central
bank is in talks with the government to auction cash balances to
improve liquidity management.
Khan also said the RBI is talking to the government about
providing real-time information on their cash balances.
(Reporting by Neha Dasgupta and Suvashree Dey Choudhury;
Editing by Anupama Dwivedi)