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Centre’s Borrowing From RBI’s WMA Window Spikes But States Stay Away

While the centre has stepped up recourse to this funding window, states have stayed away.

Indian rupee banknotes and coins are arranged for a photograph in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)
Indian rupee banknotes and coins are arranged for a photograph in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)
The central government is increasingly tapping the short-term borrowing window offered by the Reserve Bank of India, even though state governments have stayed away.The limit for 90-day borrowings under the RBI’s Ways and Means Advances window was recently raised to Rs 2 lakh crore for the central government and to above Rs 50,000 crore for state governments. Ways and Means Advances are short-term borrowings used for the purpose of ca...
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