EXCLUSIVE-Influential Hindu group calls on India not to issue foreign currency bonds

An influential Hindu nationalist group close to Indian Prime Minister Narendra Modi's ruling party has demanded his government review its plan to raise money by selling foreign currency bonds.

They say it is anti-patriotic as it could create long-term risks for the economy, potentially allowing rich foreign nations and their financial institutions to dictate the country's policies. "We can't allow this to happen," declared Ashwani Mahajan, the co-convenor of Swadeshi Jagran Manch (SJM), the economic wing of the Rashtriya Swayamsevak Sangh (RSS). The RSS was the key founder of the ruling Bharatiya Janata Party and has people it nurtured in top positions in the government, including Modi himself.

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