[ad_1]
Public debt accounted for 90 per cent of complete gross liabilities in the course of the third quarter of the present fiscal yr.
“In the course of the quarter, the yield on Indian home bond initially rose however softened thereafter on account of decline in crude oil costs, decrease than anticipated home CPI prints for October and November and information about attainable inclusion of Indian Authorities Bonds (IGBs) in a serious international rising market index,” the report stated.
Additional, an ultra-long 50-year G-sec was launched to cater to the demand from long-term buyers. Alternatively, US treasury yields remained risky in the course of the quarter principally affected by Federal Reserve motion, inflation, and employment information.
The maturity profile of excellent authorities debt as on finish December 2023 mirrors elongation of maturity profile of excellent authorities debt, the report stated.
The proportion of debt (dated securities) maturing in lower than one yr stands at 4.1 per cent at end-December 2023 (4.6 per cent at end-September 2023). The proportion of debt maturing inside 1-5 years at 21.8 per cent on the finish of December 2023 was decrease than 23 per cent at September-end 2023. Debt maturing within the subsequent 5 years labored out to 25.9 per cent of complete excellent debt at end-December 2023 — 5.2 per cent of excellent inventory, on a mean, must be repaid yearly over the subsequent 5 years.
Thus, the roll-over danger in dated securities portfolio stays low, the report added.
The report provides an account of the general public debt administration and money administration operations in the course of the quarter and supplies detailed info on numerous elements of debt administration, the ministry stated.
