The Indian Rupee has slipped to its lowest level since December 18, trading at around 64.26 against the US Dollar while 10-year bond yield rose to 7.33 percent, the highest level since July 13, 2016.
Talking about the trends for 2018 with an eye on additional borrowing by government and its impact on overall macros.
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The government will borrow additional Rs 50,000 crore during January-March, raising the gross market borrowing target of the government to Rs 6.3 lakh crore for the financial year 2017-18.
Pan said it is clear that the fiscal deficit of 3.2 percent will not be met in FY18 but it would around 3.6 percent and for the next year government would want to show 3.3 percent target in terms of consolidation path laid down by FRBM.
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