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Fiscal deficit overshoots full-year target in December

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's fiscal deficit overshot the full-year target in December as the gap swelled to 5.32 trillion rupees ($85.90 billion), or 100.2 percent of the target for the fiscal year ending in March, government data showed on Friday.

The deficit was 95.2 percent during the same period a year ago.

Net tax receipts were at 5.46 trillion rupees ($88.16 billion) in the first nine months of the current financial year.

($1 = 61.9300 rupees)

(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)

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First Published: Jan 30 2015 | 4:41 PM IST

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