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December 1, 2000 		Feedback  
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Jalan says no need to hurry govt borrowing

Reserve Bank of India Governor Bimal Jalan said on Friday that government borrowings were on track and there was no need to step up their pace.

"Why should they?" Jalan told reporters, when asked whether the government would rush through the rest of its borrowings for 2000-01 (April-March) to take advantage of the current easy

money market liquidity.

The government has completed around 75 per cent of its budgeted gross borrowings of Rs 1.7 trillion for the current financial year.

Asked whether he saw interest rates softening from current levels, he said: "I hope so. Rates have softened lately."

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