Higher govt borrowing may not eat up public credit: RBI

HDFC Bank Limited Managing Director Aidtya Puri (left) at Gudivada in Krishna district on Friday. RBI Deputy Governor K.C. Chakrabarty is seen

Reserve Bank Deputy Governor KC Chakrabarty today said private credit demand will not be crowded out as a result of higher market borrowing by the government even as the fiscal deficit target for next fiscal is pegged at 5.1%. "The idea of 5.1% fiscal deficit should not deprive credit needs of the society," he told PTI at an HDFC Bank event…………

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