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Government’s borrowing plan for the first half of FY 2025-26

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..... Government’s borrowing plan for the first half of FY 2025-26
News and Press Release
Dated:- 28-3-2025

The Government of India, in consultation with the Reserve Bank of India, has finalised its borrowing programme for the first half (H1) of FY 2025-26. Out of Gross Market borrowing of Rs.14.82 lakh crore budgeted for FY 2025-26, Rs.8.00 lakh crore (54.0%) is planned to be bo .....

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..... rrowed in H1 through issuance of dated securities, including Rs.10,000 crore of Sovereign Green Bonds (SGrBs). The gross market borrowing of Rs.8.00 lakh crore shall be completed through 26 weekly auctions. The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share of borrowing (including SGrBs) under different maturities will be: 3-year .....

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..... (5.3%), 5-year (11.3%), 7-year (8.2%), 10-year (26.2%), 15-year (14.0%), 30-year (10.5%), 40-year (14.0%) and 50-year (10.5%). The Government will carry out switching/buyback of securities to smoothen the redemption profile. The Government will continue to reserve the right to exercise greenshoe option to retain an additional subscription of up to Rs.2,000 crore against each of the securities i .....

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..... ndicated in the auction notifications. Weekly borrowing through issuance of Treasury Bills in the first quarter (Q1) of FY 2025-26 is expected to be Rs.19,000 crore for 13 weeks with issuance of Rs.9,000 crore under 91 day T-bill, Rs.5,000 crore under 182 day T-bill and Rs.5,000 crore under 364-day T-bill. To take care of temporary mismatches in Government accounts, the Reserve Bank of India has .....

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..... fixed the Ways and Mean Advances (WMA) limit for H1 of FY 2025-26 at Rs.1.50 lakh crore. More details may be seen in the detailed Press Releases available on the websites of the Finance Ministry and the Reserve Bank of India.
News - Press release - PIB .....

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