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Our Bureau

Mumbai , Jan. 8

THE Reserve Bank of India on Thursday announced a market borrowing of about Rs 8,300 crore in the coming fortnight. The exact amount of the loan, coupon rate and other details are to be notified later.

The Rs 8,000 crore borrowing will constitute a debt swap scheme for all State Governments excepting Uttaranchal of about Rs 6,000 crore and a regular market borrowing by the Central Government of about Rs 2,000 crore, said the RBI in a press note.

Prior to this, the Government of Maharashtra will be tapping the market to raise Rs 300 crore by way of auction on January 12.

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