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Gold import revision cuts Nov trade deficit by $5 bn
Hindustan Times Navi Mumbai
|January 09, 2025
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
Shayan Ghosh & Ram Sahgal shayan.g@livemint.com MUMBAI: Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the West.
"As the debt manager to the government, the Reserve Bank of India does not want to issue sovereign securities in dollars. The problem is that investors are not keen on buying rupee securities from the Gift City," a Gift City official said on the condition of anonymity.
Announced in the FY23 Union budget, sovereign green bonds aim to finance public projects focusing on energy transition.
NEW DELHI:
This story is from the January 09, 2025 edition of Hindustan Times Navi Mumbai.
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