Govt to borrow 3.55 trillion rupees via bonds in April-Sept | Reuters - Firstpost
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Govt to borrow 3.55 trillion rupees via bonds in April-Sept | Reuters

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NEW DELHI The Indian government will borrow a gross 3.55 trillion rupees ($53.43 billion) via bonds in April-September, or 59 percent of its borrowing plan for the next fiscal year, a senior finance ministry official said on Friday.

On average, India will borrow 140-150 billion rupees per week via auctions, Shaktikanta Das, the country's economic affairs secretary, said in a news briefing.

On a net basis, India will borrow 2.48 trillion from April to September.

The government had announced on Feb. 29 it would borrow a gross 6 trillion rupees for the year starting in April.

($1 = 66.4450 Indian rupees)

(Reporting by Rajesh Kumar Singh and Manoj Kumar; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Mar 19, 2016 00:00 IST

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