Even as the RBI has cut the repo rate by 125 basis points in the past year, India’s long-term interest rates have continued rising for months. The gap between policy easing and market pricing is drawing attention, hinting that expectations around inflation, growth risks, and fiscal dynamics may be outweighing the central bank’s near-term stance.
The Centre plans to raise about Rs 8 lakh crore via dated securities between April and September 2026-27, the finance ministry said. The borrowing is aimed at funding the government’s revenue gap. The move highlights how fiscal needs are being met ahead of the first half of the next financial year, potentially shaping bond market expectations.
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