The Government of India’s (GoI’s) market borrowing in the second half (H2) of 2018-19, against expectations, might be lower than the Rs 2.9 trillion it plans to raise till the end of September. It is meant to keep the yields on government debt paper low, which should please their buyers like banks and other financial institutions (higher yields happen when there is more supply of such papers).
A top government official said this would be made possible by easing the pace of buying back securities — a change from the aggressive stance of previous years. The space ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Sun, April 08 2018. 20:57 IST
