RBI governor does not want to move in haste for achieving financial inclusion.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
RBI will cut rates in its next policy announcement on June 2.
Analysts expect the Reserve bank to cut rates in next monetary policy.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
The new bond was changing hands at 7.72 per cent.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
Offshore rupee debt was likely to attract good demand
Market regulator Sebi to support stert-ups raise funds.
India builds up record FX after Fed hints rate hike in future.
The Budget loosened the reins on public spending to drive growth.
India's banks rely on overnight borrowings to fund longer-term lending.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
The rupee had weakened by 23 paise to end at 63.51 against the American currency on Wednesday on month-end dollar demand from oil companies and persisting selling by foreign funds in stocks.
The rupee had gained five paise to close at 63.25 against the dollar in on Monday's trade on fresh selling of the US currency by exporters amid bullish stocks.
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