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India's bond borrowing plan to stay on course - official

Reuters  |  NEW DELHI 

By Neha DasguptaNEW DELHI (Reuters) - India's government will continue its bond market borrowing plan during April-September without any interruption, Economic Affairs Secretary Subhash Chandra Garg told reporters, adding that it may tweak the composition of bonds on offer, if needed.Earlier on Friday, a senior Finance Ministry official had said the government was unlikely to cancel bond auctions despite a spike in yields as it does not want to trigger panic in financial markets.The official said the Reserve Bank of India would engage with primary dealers and tweak the bond issuance basket to ...

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First Published: Fri, May 18 2018. 19:57 IST