RBI may further pare G-sec buybacks, cut borrowings in second half of FY19

Officials from the Finance Ministry and Reserve Bank of India will meet on Friday to decide the borrowing calendar for October-March

The government is likely to reduce its gross borrowing by around Rs 200 billion in the second half of the fiscal year, Business Standard has learnt. The reduction is likely to come in form of lesser buybacks, with no expected change in issuances of government 

Officials from the Finance Ministry and Reserve Bank of India will meet in New Delhi on Friday to decide the borrowing calendar for October-March. The meeting will include Economic Affairs Secretary Subhash Garg, a RBI deputy governor, and officials from the ministry’s budget division and the central bank.

“There are discussions on further reducing the