India plans to borrow about Rs 6.55 trillion ($78.73 billion) in the second half of the current fiscal year that started April 1, according to government’s budget estimates.
Government officials and RBI are meeting in New Delhi on Tuesday to finalise the country’s market borrowing plan for October to March, two sources told Reuters.
India plans to borrow about Rs 6.55 trillion ($78.73 billion) in the second half of the current fiscal year that started April 1, according to government’s budget estimates.
However, India’s market borrowing could be less than expected in Oct-March if small savings deposits are more than projected, economic affairs secretary told Reuters earlier this month.
(More details awaited)
Source: financialexpress.com