There's a tug-of-war between the RBI and the bond market, as the central bank refuses to accept higher yields
Das exuded confidence of the Reserve Bank being able to manage the high quantum of government borrowings for the next fiscal in a 'non-disruptive' manner
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The benchmark repurchase rate will be maintained at 4% Friday, according to 24 of the 32 economists in a Bloomberg survey, although cooling inflation has stoked expectations for a rate cut
The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant
We think the MPC could express its willingness to maintain the accommodative monetary stance at least till H1FY22, which should help sentiments
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
Finance Minister Nirmala Sitharaman on Monday said the government will borrow about Rs 12 trillion in 2021-22
Even before Covid-19 struck the economy, government was borrowing at a rate that was very close to the nominal GDP growth
Any cess or surcharge should be one-time
Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan
British public borrowing is on course to reach a record 372 billion pounds this financial year, according to forecasts in August from the Office for Budget Responsibility
Most say there could be excess borrowing of at least Rs 1.5-2 trn in coming days
In the first half that ended in September, the government borrowed Rs 7.66 trillion at an average yield of 5.82 per cent
To borrow Rs 4.34 trillion in 16 weekly tranches till Jan-end for the second half of the financial year
In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore
The Finance Ministry said the government will borrow Rs 4.34 trillion in the second half of the current fiscal to meet its expenditure requirement amid Covid-19 crisis afflicting the economy
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
Better implementation of policy measures and reaching out to those left behind are needed next
The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February