15,000 crore, accounting for about 0.75 per cent of GDP. The borrowing programme of State Governments has been consistently higher than originally indicated to RBI except during 1997-98. Eighth, as regards external sector, the current account deficit has been consistently less than 2.0 per cent of GDP, strictly in consonance with the broad policy indications.
As of November 25, purchases have been slowed to a current daily pace of approximately $ million of bonds and no ETFs, and the total SMCCF outstanding value has reached $ billion. The SMCCF’s announcement effect was strong, quickly improving market functioning and unlocking the supply of hundreds of billions of dollars of private credit.