India cbank official calls for caution on foreign investor debt limits

April 6, 2015 7:05 AM

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MUMBAI, April 6 (Reuters) - India needs to proceed cautiously in fully opening up its debt markets to foreign investors, given the need to first tackle issues such as the large government borrowing and capital controls, executive director G. Padmanabhan said in a speech last week.

Padmanabhan also raised concerns over the unhedged foreign currency exposure by Indian borrowers in offshore debt, saying it raised "systemic concerns."

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