New Delhi, June 28: RBI on Friday indicated that favourable market conditions with soft interest rates and excess liquidity would enable the government to borrow Rs 7,000 crore more next month. While maintaining the soft interest bias, RBI Governor Bimal Jalan also ruled out a repo rate cut as of now.
"Market conditions are good. If government needs more money, it can be raised," Jalan told reporters.

The yield on 10-year government papers are at the lowest level, at about 5.75 per cent, while there is excess liquidity in the financial sector.
Taking advantage of this situation, RBI on behalf of government plans to raise Rs 21,000 crore in the first three weeks of July as against the scheduled Rs 14,000 crore. Bureau Report