NEW DELHI (Reuters) - India has cut its additional market borrowing requirement by more than half for the fiscal year ending in March to 200 billion rupees ($3.13 billion), Economics Affairs Secretary S.C. Garg said on twitter.
The news sent benchmark 10-year bond yields down over 15 basis points.
Last month, the finance ministry had said that the government is likely to borrow additional 500 billion rupees ($7.79 billion) in 2017/18 fiscal year that ends in March.
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($1 = 63.8850 Indian rupees)
(Reporting by Malini Menon)
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