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India government, central bank officials to finalise second half borrowing plan on Tuesday
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Officials of India's federal government and central bank are meeting in New Delhi on Tuesday to finalise the country's market borrowing plan for October to March, two sources told Reuters.
India plans to borrow about 6.55 trillion rupees ($78.73 billion) in the second half of the current fiscal year that started April 1, according to government's budget estimates.
However, India's market borrowing could be less than expected in Oct-March if small savings deposits are more than projected, economic affairs secretary told Reuters earlier this month.
($1 = 83.2010 Indian rupees)
