Finance minister Nirmala Sitharaman during the post-budget meeting of the RBI’s central board in New Delhi on Monday. She added that the country’s sovereign external debt-to-GDP ratio level is among the lowest globally at less than 5 per cent. It is not often that the government taps the foreign markets to raise funds. The finance minister did not specify the proportion of the borrowings in foreign currency, such as sovereign bonds. After the meeting with Sitharaman, he said, “The government has made a budget announcement and we will interact with the government.

Source: The Telegraph July 08, 2019 20:16 UTC