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The quantum is higher than almost every market estimate. Traders had expected a borrowing of around 3.50 trillion rupees in the last quarter of the fiscal year, ending March 31.Market participants will keep an eye on demand from state-run banks as well as further foreign inflows, which could keep a check on any major rise in yields.
In recent weeks and months, many Nigerians have sought to know what the PEAC told Mr President. That is certainly a legitimate demand.
India's government has no plans to alter its borrowing plan for the current fiscal year ending March 31, with a projected gross market borrowing of Rs 15.43 lakh crore ($185.67 billion).
Senate has approved President Tinubu's request for a proposed plan to obtain a total of $7.8 billion and €100 million loan to fund various projects in the economy.
President Bola Ahmed Tinubu has formally requested the National Assembly's approval to borrow $7.865 billion and