InvestorQ : How is the RBI borrowing program progressing for this fiscal year?
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How is the RBI borrowing program progressing for this fiscal year?

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9 months ago
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In line with the enhanced limit of borrowing Rs.6 trillion in the first half of the fiscal year, the government announced to sell dated securities worth Rs.30,000 crore on Friday May 29.The estimated market borrowing for the financial year 2020-21 had been hiked to Rs.12 lakh crore from the original budget estimate of Rs.7.80 lakh crore. The revision was necessitated by the COVID-19 pandemic. The break of the Rs.30,000 crore on May 29 in terms of maturities will be; 6.18% GS 2024 (Rs.12,000 crore), New GS 2034 (Rs.11,000 crore) and 7.16% GS 2050 (Rs 7,000 crore).

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