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Centre may borrow towards cancelled debt auctions, says report

The government had cancelled its last two weekly debt sales worth 240 billion rupees ($3.21 billion) each as global yields surged and as the state had achieved a comfortable cash balance

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year
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Reuters
India's government may conduct more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar with the matter said, to take advantage of the relatively low cost of borrowing.
 
The government had cancelled its last two weekly debt sales worth 240 billion rupees ($3.21 billion) each as global yields surged and as the state had achieved a comfortable cash balance for the fiscal year that ends March 31.
 
But in a surprise move for markets, the government on Monday said it will borrow 230 billion rupees at the last bond sale for the current

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 22 2022 | 12:48 PM IST

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