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India’s borrowing may cross Rs36,000 cr

India’s borrowing may cross Rs36,000 cr
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First Published: Tue, May 26 2009. 10 06 PM IST
Updated: Tue, May 26 2009. 10 06 PM IST
New Delhi: India’s borrowing may exceed the planned Rs36,000 crore next month should the government need additional funds, said a finance ministry official with direct knowledge of the budget.
The ministry of finance hasn’t decided on the borrowing for June though it may raise more from the market after consultations with Reserve Bank of India, said the official, who declined to be identified.
The Union government on 18 May decided to increase borrowing for this month to Rs54,000 crore from the scheduled Rs48,000 crore.
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First Published: Tue, May 26 2009. 10 06 PM IST
More Topics: Economy | India | Borrowing | RBI | Government |