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Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn
The government had cancelled its last two weekly debt sales worth 240 billion rupees ($3.21 billion) each as global yields surged and as the state had achieved a comfortable cash balance
Canceled auctions and a dovish central bank decision drove benchmark yields down by more than 20 basis points in the past two weeks.
A Washington DC-based think-tank said that the US federal government is likely to run out of borrowing room and breach the debt limit after October 1.
Economic Affairs Secretary Tarun Bajaj expressed hope that the yield would be around the current year's level
Does away with loans from National Small Savings Fund to Food Corporation of India
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
Amount of debut issue and subsequent tranches will be finalised by FinMin, RBI in end-March
The net borrowings in the October-March period of the year has been pegged at Rs 1.92 lakh crore