Twin Auction To Kick Off Centre & #8217;S Borrowings Plan

The Centre is set to kick off its borrowing programme for this fiscal with a twin auction aggregating Rs 9,000 crore during April 3-9.

A remarkable feature highlight of the issuance calendar for marketable dated securities this year is that floating rate bonds will account for about 10-20 per cent of the total issuance, depending upon market response.

In the first six months of this fiscal, the government plans to raise Rs 71,000 crore as against Rs 68,000 crore raised in corresponding half of previous financial year.

As per the Union Budget, the Centre