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Govt had no outstanding loans from RBI in March 27 week
April 3, 2015 / 12:11 PM / 3 years ago

Govt had no outstanding loans from RBI in March 27 week

MUMBAI (Reuters) - The government had no outstanding loans with the central bank under ways and means advances in the week ended March 27, according to the Reserve Bank of India’s weekly statistical supplement released on Friday.

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

The central government had no outstanding loans in the week earlier, as well.

State governments had 57.60 billion rupees ($927.09 million) of loans from the RBI in the week ended on March 27, compared with 34.83 billion rupees in the previous week, the release showed.

($1 = 62.1300 rupees)

Reporting by Zeba Siddiqui in Mumbai; Editing by Subhranshu Sahu

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