India govt to borrow 3.55 trillion rupees via bonds in April-Sept

NEW DELHI: The Indian government will borrow a gross 3.55 trillion rupees ($53.43 billion) via bonds in April-September, or 59 percent of its borrowing plan for the next fiscal year, a senior finance ministry official said on Friday.

On average, India will borrow 140-150 billion rupees per week via auctions, Shaktikanta Das, the country's economic affairs secretary, said in a news briefing.

On a net basis, India will borrow 2.48 trillion from April to September.

The government had announced on Feb. 29 it would borrow a gross 6 trillion rupees for the year starting in April.