Publication

This paper talks about the Inflation National Savings Securities-Cumulative (IINSS-C), also known as CPI-indexed bonds, introduced by the Reserve Bank of India in December 2013. The author compares these CPI bonds with other investment options, including inflation-indexed bonds (IIBs) which are linked to the Wholesale Price Index. He then argues that the response by investors to CPI-linked bonds was poor as they did not offer anything significantly different or better than existing options.