Govt borrowing to be conducted smoothly: RBI

Reuters
Posted: Thursday, Jul 16, 2009 at 0959 hrs IST
Updated: Thursday, Jul 16, 2009 at 0959 hrs IST

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Interest rates may rise from FY-11: SBI ‘Indian banks ahead of BRIC nations’ICG acquires significant stake in CPA Global Bankers see no reason for hike in CRR

New Delhi: The Indian government's borrowing from the market in the 2009/10 fiscal year will be conducted in a non-disruptive manner, Reserve Bank of India Deputy Governor Shyamala Gopinath said on Thursday.

She was responding to questions from reporters before attending a meeting to revise the borrowing schedule for the first-half of the fiscal year that began April 1.

The updated budget, announced earlier this month, raised the target to Rs 4.51 trillion ($93 billion) for 2009/10 from Rs 3.62 trillion announced in the interim budget in February.

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