Additional central borrowing a negative surprise: BofAML

The global brokerage expects Finance Minister Arun Jaitley to hold to the fiscal deficit target of 3.2 per cent of GDP, same as 2017-18, with net borrowing of Rs 4,92,000 crore.

Additional central borrowing a negative surprise: BofAML
BofAML said notwithstanding bank recapitalisation, the sell off in G-secs is delaying lending rate cuts and pushing back recovery. Representational photo: Image source: Pixabay

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