Government to borrow $37.7 bn in Oct-March: Source
The government will borrow a gross 2.49 trillion rupees ($37.70 billion) between October and March, or the second half of the 2015/16 fiscal year, a source familiar with the details told Reuters on Monday.
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Mumbai: The government will borrow a gross 2.49 trillion rupees ($37.70 billion) between October and March, or the second half of the 2015/16 fiscal year, a source familiar with the details told Reuters on Monday.
India this year unveiled a new category of bonds that will pay interest rates linked to the bullion price.
The gross borrowing is part of the 6 trillion rupees in debt sales planned for the full 2015/16 year announced by Finance Minister Arun Jaitley when presenting the federal budget in February.
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