India plans Rs 7.86 lakh crore bond sales in H2, trims borrowing amid yield pressure
India's government aims to raise 7.86 trillion rupees through bond sales between October and March. The gross borrowing limit for the fiscal year has been reduced to 16 trillion rupees. Issuance of longer duration securities has been increased to 45.6% of total borrowing. Treasury bills will be sold weekly, albeit at a lower amount than earlier this year.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
