RBI paper explores challenges in public debt management

Reserve Bank of India

A working paper published by the Reserve Bank of India on August 10 highlights a host of challenges facing public debt management in the country, including a "narrow investor base".

In Public debt management in India and related issues, L Lakshmanan and R Kausaliya note this could be rectified by encouraging greater participation from "mid-segment and retial investors".

"Catering to the needs of retail investors will contribute to a stable demand for G-Secs, which can cushion the impact of sales

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