The government wants to be self-reliant in its funding, and is prepared to handle any selloff in its debt market should inclusion fail to happen, the people said. The nation is borrowing a record 14.3 trillion rupee ($176 billion) this fiscal year.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China
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