Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels: Auctions | Health | Home & Decor | IT Education | Jobs | Matrimonial | Travel
Line
Home > Money > Reuters > Report
January 15, 2002
1910 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 Earn From
 Insurance


 Click Here to get
 minimum
 guaranteed 6%*
 returns on your
 premiums


  Call India
   Direct Service

  Save upto 60% over
    AT&T, MCI
  Rates 29.9/min
   Select Cities



   Prepaid Cards

  Mumbai 19.9/min
  Chennai 26/min
  Other Cities



 India Abroad
Weekly Newspaper

  In-depth news

  Community Focus

  16 Page Magazine
For 4 free issues
Click here!

 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

RBI sees no problem in govt's excess borrowing

The government had almost completed its borrowings for the current financial year and any small overshoot of the target will not put pressure on liquidity, the central bank deputy governor Y V Reddy said on Tuesday.

"The government borrowing programme has almost been completed," Reddy told Reuters on the sidelines of a seminar.

"Any marginal excess in the borrowing programme will not cause any short run problems for macro-economic stability."

The government's budgeted borrowing programme for the year was Rs 1.19 trillion of which it was to raise Rs 993.52 billion through dated securities.

But it exceeded this target in December itself and, after Monday's auction, had raised Rs 1.06 trillion through 30 bond issues.

Earlier Reddy said the Reserve Bank of India might consider a package of measures announcing a one-time reduction in the CRR to the statutory minimum of three per cent, to expedite development of markets, accompanied by changes in the way the reserves are maintained.

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report

ADVERTISEMENT