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Focus on bond market after Interim Budget shows ballooning govt borrowing

The gross borrowings number also looks optically high because redemptions this year are also close to a trillion rupees higher than last year

Topics
bond market | Interim Budget

Anup Roy 

Illustration by Ajay Mohanty
Illustration by Ajay Mohanty

The is bracing for unrelenting supply of government debt papers in the next fiscal as the Centre plans to borrow an astronomically high Rs 7.1 trillion on a gross basis, even as fiscal deficit as a percentage of gross domestic products (GDP) remains the same between the current fiscal and the next.

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First Published: Sun, February 03 2019. 22:16 IST