New Delhi, March 28 -- In a significant development, the Indian government has unveiled its borrowing program for the first half of the fiscal year 2024-25 (H1 FY25), amounting to a staggering Rs 7.5 trillion. This decision was finalised in consultation with the Reserve Bank of India (RBI).
The borrowing plan, which accounts for 53.08 per cent of the total gross market borrowing of Rs 14.13 trillion projected for the entire fiscal year 2024-25, will be raised through the issuance of dated securities.
Notably, the government has introduced a new 15-year tenor bond, aligning with market feedback and global practices.
Through the inaugural 15-year security, the Centre aims to borrow Rs 1.04 trillion during the first half of the next fina...