Kotak warns on overseas sovereign bond
  • WebDesk BTVI
  • Jul 26 2019

Suvodeep Rakshit, Senior Economist at Kotak Institutional Equities, says India needs some foreign savings to come in. He says the proposed sovereign bond issuance will warrant greater prudence and adds that India has a high dependency on foreign equity capital. He says there’s not much difference between local currency and foreign currency debt in long term, but adds that it is essential to have a framework to address macro-economic risk scenarios.