RBI Governor says modest rise in net borrowing should ease bond market concerns

Governor Sanjay Malhotra says the small rise in net borrowing reflects a stable fiscal position. He also eased foreign debt limits to attract investment.

Sanjay Malhotra sanjay malhotra, the governor of the Reserve Bank of India ININ, stated on Friday that net government borrowing for the Government of India ININ will rise by only 200 billion rupees in the upcoming financial year. Addressing concerns within the Indian ININ government bond market, Sanjay Malhotra sanjay malhotra argued that a singular focus on gross borrowing figures is misleading and does not accurately reflect the fiscal pressure on the economy in India ININ.
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas
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