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Macro Updates
India announced its first half borrowing plan which would entail selling bonds worth Rs 9 trillion in H1FY24, which is 58% of the Rs 15.4 trillion of borrowing envisaged for the full year. About 34% of sales are planned via 30Y and 40Y bonds, against 27% last year, with no plan on floating rate bond in H1.
March 30, 2023
