India cuts FY27 gross borrowing by 1.2 trillion rupees to 16 trillion

India has lowered its gross borrowing target for the current fiscal year by 1,20,494 crore rupees to 16 trillion rupees, with the Union government to borrow Rs 7.86 trillion in the second half of the year, per the government's borrowing plan. The cut reduces planned sovereign issuance and government bond supply.

Detected & updated continuously · Source: Nebula