World & BusinessIndia plans 7.86 trillion rupees in October–March bond sales, trims borrowing
The Economic Times reports that India has reduced its fiscal-year gross borrowing limit to 16 trillion rupees amid pressure on bond yields.
TLDR
The Economic Times reports that India aims to raise 7.86 trillion rupees through bond sales from October to March, with the fiscal-year gross borrowing limit reduced to 16 trillion rupees. The share of longer-duration securities has increased to 45.6% of total borrowing. Treasury bills will be sold weekly, at lower amounts than earlier in the year.
India plans 7.86 trillion rupees in October–March bond sales, trims borrowing
The Economic Times reports that India has reduced its fiscal-year gross borrowing limit to 16 trillion rupees amid pressure on bond yields.
TLDR
The Economic Times reports that India aims to raise 7.86 trillion rupees through bond sales from October to March, with the fiscal-year gross borrowing limit reduced to 16 trillion rupees. The share of longer-duration securities has increased to 45.6% of total borrowing. Treasury bills will be sold weekly, at lower amounts than earlier in the year.