No RBI role, Rupee to recoup on its own
Agencies: Mumbai, Nov 24 2012, 13:57 IST
the fiscal deficit target of 5.3 per cent for FY13, Mayaram exuded confidence of meeting the target on the back of successful beginning of the Rs 30,000-core divestment programme yesterday wherein the Government mopped up Rs 808 crore from a 5.6 per cent stake sale in Hindustan Copper.
"Let me reiterate, the Government is fully committed to meet its fiscal deficit target of 5.3 per cent. You have seen the results of first disinvestment. We are also looking at measures to constrain expenditure".
On the almost dried up primary market, he said after the success of Hindustan Copper share sale, the IPO market "should revive."
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