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Policy▲ Bullish for Indian equities

Centre cuts FY27 gross borrowing estimate to ₹15.99 lakh crore; H2 bond sales set at ₹7.86 trillion

2 sources · first seen 20:19 25 Sept · updated 06:16 26 Sept

The brief

Written from 2 reports · check the source before you trade
  • FY27 gross market borrowing cut to ₹15.99 lakh crore from ₹17.2 lakh crore budgeted
  • H2 bond sales planned at ₹7.86 trillion
  • Lower bond supply may ease yields, supporting banks and other holders of government securities

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

Linked by the tag Bond auctions

17 stories this week
  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.

Monday, 28 September

  1. India's key-tenor bonds may see relief after October-March supply cut

Friday, 25 September

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

See all 9 updates →

Read the reports

2 reports · earliest 20:19
MintCentre lowers FY27 borrowing estimate by ₹1.2 trillion, plans ₹7.86 trillion bond sales in H220:19Economic TimesCentre cuts FY27 market borrowing to Rs 15.99 lakh crore; targets longer debt maturity06:16