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    Government had no outstanding loans from RBI in week to Janaury 8

    Synopsis

    State governments had 54.60 billion rupees ($747.03 million) loans from the RBI in the week ended Jan. 8, compared with 55.69 billion rupees in the previous week, the release showed.

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    BENGALURU: The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Jan. 8, according to the Reserve Bank of India's weekly statistical supplement released on Friday.

    The central government had no outstanding loans in the week earlier as well.

    State governments had 54.60 billion rupees ($747.03 million) loans from the RBI in the week ended Jan. 8, compared with 55.69 billion rupees in the previous week, the release showed.
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    2 Comments on this Story

    Praker 49 days ago
    So from where Government of India is getting money? What about government securities purchased by RBI from banks?
    Solomon Coutinho50 days ago
    Pass the buck to the states and make its people poorer... Ache Din.
    The Economic Times