ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Uncertainty in Financial Markets

High levels of market borrowings have been possible so far because of three favourable factors: burgeoning liquidity due to sizeable foreign inflows; sluggish bank credit demand from commercial sectors; and softer interest rates in India and abroad. The chances are that none of these favourable factors will be present during the new fiscal year, which raises questions about the government?s borrowing programme.

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