India Gets Record $25 Billion RBI Payout as Voting Nears End yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The borrowing is lower as “the government may spend less as we are in election season and the code of conduct is in place,” said Debendra Dash, a trader at AU Small Finance Bank. The borrowing plan accounts for 53% of its full-year target of Rs 14.13 trillion, lower than the 55%-60% the government typically borrows in the first half.
Indias trillion-dollar sovereign bond market is gearing up for a rush of foreign money in the run-up to inclusion in JPMorgan Chase & Co.s emerging markets bond index in June.
India Business News: Indian sovereign bonds, coming off the best annual performance in three years, are poised for further gains on expectations that their upcoming inclus.
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