Budget 2016

Expect higher gross borrowings in FY14: ICICI Securities

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The government's gross borrowings in FY14 may be higher at about Rs 6 lakh crore, says A. Prasanna of ICICI Securities. He explains that the final figure will depend on how the government chooses to use its cash balance. He also sees limited room for yields to come down further since borrowings may remain high.

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