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India to decide Oct-March borrowing at Sept. 28 meeting - finmin source

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Reuters NEW DELHI
Last Updated : Sep 26 2017 | 12:48 PM IST

NEW DELHI (Reuters) - India will decide its October-March government borrowing amount on Thursday, a finance ministry official said on Tuesday.

The government has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing.

However, market participants expect the government to borrow more than the estimated amount in the second half of the fiscal year ending March, given its plans for fiscal stimulus to boost the economy which will entail higher-than-budgeted spending.

($1 = 65.3500 Indian rupees)

(Reporting by Manoj Kumar; Editing by Subhranshu Sahu)

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First Published: Sep 26 2017 | 12:36 PM IST

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