Economic TimesLean R·
India trims borrowing, goes long
Mumbai: The Indian government plans to raise 7.86 trillion rupees ($82 billion) through bond sales between October and March, slightly less than previously planned, as it seeks to contain rising yields and steady the market.The country has reduced its gross borrowing for the fiscal year to 16 trillion rupees, down from 16.09 trillion rupees for the current financial year through March, and after raising 8.1350 trillion rupees in April-September.Based on wider consultation with the central bank …
Read at Economic Times →
