One of the most controversial features of the Modi government's latest budget is the announcement that it would borrow in foreign currencies, such as U.S. dollar or Japanese yen, as well as the Indian rupee.
Opinion
India should use foreign money to fund infrastructure boom
Selling debt in dollars and yen has few risks and great advantages
India will need a permanent public debt management office which decides on the currency mix of the country's overall borrowing. © Reuters
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