India to decide Oct-March borrowing at Sept. 28 meeting - finmin source

Reuters  |  NEW DELHI 

(Reuters) - will decide its October-March borrowing amount on Thursday, a ministry official said on Tuesday.

The has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing.

However, market participants expect the to borrow more than the estimated amount in the second half of the fiscal year ending March, given its plans for fiscal stimulus to boost the economy which will entail higher-than-budgeted spending.

($1 = 65.3500 Indian rupees)

(Reporting by Manoj Kumar; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 26 2017. 12:36 IST