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.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Mar 19, 2016 00:00:16 IST