Monday, 28 September 2026Updated 6m ago
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Funding and debt▲ Bullish for Indian equities

Centre plans ₹7.86 lakh crore H2FY27 borrowing; full-year target cut

7 sources · first seen 17:33 25 Sept · updated 02:29 26 Sept

The brief

Written from 6 reports · check the source before you trade
  • H2FY27 borrowing will total ₹7.86 lakh crore, including ₹15,000 crore in green bonds
  • FY27 borrowing through dated securities is ₹15,99,506 crore, below the ₹17,20,000 crore Budget estimate
  • Lower-than-budget borrowing may ease bond-supply pressure, supporting banks and rate-sensitive stocks

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Government borrowing1 todayBond yields32 todayG-secs4 todayBond auctions1 todayUnion Budget and fiscal3 today

Linked by the tag Bond auctions

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  1. 25 SeptBond ructions point to new danger zone in marketsMarket move · 1 source · Bond sell-offs of this scale and speed could trigger fires elsewhere in the financial system
  2. 25 SeptWhy investors aren’t buying yet another attempt by the Treasury Department to calm the rattled bond marketMarket move · 1 source · Back-to-back weak Treasury note auctions show repurchases have not spurred bond demand
  3. 25 SeptSIDBI withdraws ₹6,000 crore three-year bond issue as yields hardenFunding and debt · 1 source · SIDBI withdrew its ₹6,000 crore three-year bond issue as investors sought higher yields
  4. 25 SeptAuction of 91-Day, 182-Day and 364-Day Treasury BillsFunding and debt · 1 source
  5. 25 SeptAuction of State Government SecuritiesFunding and debt · 1 source
All Bond auctions stories →
Part of a developing story9 updates over 4 days

FY27 government market borrowing

The Centre plans ₹7.86 lakh crore in bond sales in H2 FY27 and cut its full-year gross borrowing estimate by ₹1.2 lakh crore to ₹15.99 lakh crore, citing stronger tax and non-tax receipts. The plan includes ₹15,000 crore in green bonds.

Friday, 25 September

  1. Lower borrowing plan signals tax buoyancy, offers relief for bond yields
  2. 2 sources
    Centre cuts FY27 gross borrowing estimate to ₹15.99 lakh crore; H2 bond sales set at ₹7.86 trillion
  3. India lowers FY27 gross borrowing, to sell debt worth 7.86 trillion rupees in Oct-Mar
  4. Govt Cuts FY27 Market Borrowing Target, Eyes Raising Rs 7.86 Lakh Crore In Second Half
  5. India plans Rs 7.86 lakh crore bond sales in H2, trims borrowing amid yield pressure
  6. India Pegs Second-Half Borrowing At 7.9 Trillion Rupees
  7. 7 sourcesYou are here
    Centre plans ₹7.86 lakh crore H2FY27 borrowing; full-year target cut

See all 9 updates →

Read the reports

8 reports · earliest 17:33
MoneycontrolCentre to borrow Rs 7.86 lakh crore in H2FY27; full-year borrowing below Budget estimate17:33Business StandardCentre to borrow ₹7.86 trillion via dated securities in H2FY27: Govt17:43CNBC-TV18Government to borrow ₹7.86 lakh crore in H2 FY27, including ₹15,000 crore via green bonds17:47MoneycontrolCentre to borrow Rs 7.86 lakh cr in Oct-Mar, FY27 borrowing slashed by Rs 1.2 lakh cr18:30Fortune IndiaCentre to borrow ₹7.86 lakh crore in H2, cuts FY27 borrowing target by ₹1.2 lakh crore18:54Financial ExpressCentre to borrow Rs 7.86 lakh crore in H2 FY27; total borrowing cut by Rs 1.2 lakh crore19:09Business TodayGovernment to borrow ₹7.86 lakh cr in H2 FY27; Sovereign Green Bonds to raise ₹15,000 cr20:59Times of IndiaCentre to borrow nearly Rs 7.9 lakh cr in Oct-March02:29