To meet its unexpected expenditure of the Union government, the Reserve Bank of India (RBI) would provide Rs 20,000 crore through its Ways and Means Advances (WMA) window in the second half of the current fiscal, RBI said on September 30.
In a statement, RBI said that it has been decided in consultation with the Union government that the limits for WMA for the second half of the financial year 2013-14 (October 2013- March 2014) would be Rs 20,000 crore.
The RBI added that the government would borrow Rs 2.35 lakh crore through dated securities or g-secs in the second half of the current fiscal. During the first half of the fiscal year, the market borrowing through dated securities was Rs 3.44 lakh crore.
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