May 18, 2018 / 1:10 PM / 3 months ago

India to continue bond borrowing without interruption - official

NEW DELHI, May 18 (Reuters) - India will continue its bond market borrowing programme without any interruption, a top finance ministry official said on Friday, amid worries about a lack of demand in its bond auctions.

The government may, however, tweak the composition of bonds depending on demand, Economic Affairs Secretary Subhash Chandra Garg said, adding that there was no plan to cut the market borrowing plan between April and September.

A senior finance ministry official earlier told Reuters that the government was unlikely to cancel bond auctions despite a spike in bond yields as it did not want to trigger panic in financial markets. (Reporting by Neha Dasgupta in New Delhi, Writing by Abhirup Roy Editing by Krishna N. Das)

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