UNION BUDGET EXPECTATIONS: India may reduce its current year's gross market borrowings in the final budget next week due to a higher-than-expected central bank surplus transfer and strong revenue collections. Axis Bank's treasury head, Neeraj Gambhir, suggests borrowing could decrease by 500-750 billion rupees ($6-9 billion), with a potential 20-basis-point reduction in the deficit target. Read The Rest at :
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