India plans to raise Rs 1,10,000 crore by Sept
India plans to raise Rs 1,10,000 crore between now and the end of September, increasing planned borrowing for the first half of the fiscal year by Rs 46,000 crore, central bank Deputy Governor Shyamala Gopinath said.
By ET Bureau |
India plans to raise Rs 1,10,000 crore between now and the end of September, increasing planned borrowing for the first half of the fiscal year by Rs 46,000 crore, central bank Deputy Governor Shyamala Gopinath said. The money will be raised through 10 auctions, she told reporters in New Delhi.
This is in addition to the 1,89,000 crore already raised as part of the borrowing programme scheduled for the first half of the fiscal year, Ms Gopinath explained. The government will unveil its new borrowing calendar later today, she said. "We will conduct the borrowing programme in a non-disruptive manner and there is sufficient liquidity in the market," said Ms Gopinath.
The updated budget, announced earlier this month, raised the target to 4,51,000 crore 3,62,000 announced in the interim budget in February.
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