No move to treat oil bonds as securities: RBI

Mumbai, Apr 29 (UNI) Reserve Bank of India Governor Y Venugopala Reddy today categorically stated that there was no move to include oil bonds issued by the government to mitigate losses of public sector oil companies due to under realisation of prices in petroleum products.

Replying to a question at post Policy announcement press conference, Dr Reddy said that he had not come across such reports when pointed about a statement of Commerce Minister Kamalnath. ''It may be a wish,'' he said adding that currently only bonds floated by the Central and State governments were in the government securities basket. Oil, fertiliser or other bonds do not come under this category.

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