In a written reply, minister of state for finance Pankaj Chaudhary said: “The risk profile of Central government’s debt stands out as safe and prudent in terms of accepted parameters of indicator-based approach for debt sustainability. The government debt is held predominantly in domestic currency.”
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction