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Govt to ensure H1 borrowing doesn’t disrupt market: Chawla

Govt to ensure H1 borrowing doesn’t disrupt market: Chawla
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First Published: Mon, Jul 06 2009. 03 06 PM IST
Updated: Mon, Jul 06 2009. 03 06 PM IST
New Delhi: The government will make sure its borrowing in the first half of the current fiscal year causes least disruption in the debt market, the finance secretary said on Monday.
“It will be done in a manner in which it carries least disruption,” Ashok Chawla said, when asked if the borrowing could be front-loaded in the first-half of 2009-10.
Chawla also said the government will have to consult the central bank (Reserve Bank of India) on its first-half borrowing target.
The government will need to borrow Rs4.51 trillion in the year ending March 2010, according to federal budget documents released earlier on Monday.
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First Published: Mon, Jul 06 2009. 03 06 PM IST
More Topics: Budget 2009 | Borrowings | Markets | Debt | Bonds |