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Indian Government to Keep 2023/2024 Borrowing Below INR 16trl

INDIA
  • Reuters cites sources in reporting that India's Federal Government are to keep their target for gross borrowing in 2023/24 below INR 16trl with a view to keeping the bond market stable.
  • The report cites feedback from markets that that level of gross borrowing could be well absorbed, and the government aims to meet market expectations.

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