CNBC-TV18's Lata Venkatesh speaks to Samiran Chakraborty of Standard Chartered Bank, Ajit Ranade of AV Birla Group and Moses Harding of IndusInd Bank to discuss the challenges ahead for the rupee.
India will now borrow Rs 2.2 trillion (USD 44.9 billion) in the second half of the fiscal year that begins on Oct 1. The benchmark 10-year bond yield spiked 8 basis points to 8.43% immediately after the announcement. CNBC-TV18's Lata Venkatesh explains the impact of government borrowing on the market and economy.