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Journalism of Courage
The Indian government’s borrowing from the market in the 2009/10 fiscal year will be conducted in a non-disruptive manner,Reserve Bank of India Deputy Governor Shyamala Gopinath said on Thursday.
She was responding to questions from reporters before attending a meeting to revise the borrowing schedule for the first-half of the fiscal year that began April 1.
The updated budget,announced earlier this month,raised the target to Rs 4.51 trillion ($93 billion) for 2009/10 from Rs 3.62 trillion announced in the interim budget in February.
