Mumbai, Apr 7 (ANI): Reserve Bank of India (RBI) Governor Duvvuri Subbarao has said that there was a long-term cost to monetising the budget deficit that needed to be considered despite the apparent short-term benefits of not tapping the market for funding.
Subbarao said that government borrowing in the 2009-10 fiscal year would be significantly higher than in the previous year.
"This year, we expect the ...
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