Primary dealers pitch for more short-term debt instruments

NEW DELHI: Primary dealers on Wednesday suggested the finance ministry to borrow more through short-term debt instruments to give a boost the Indian bond market.

The finance ministry had convened a meeting of primary dealers ahead of release of borrowing calender for the first half of the next financial year.

According to official sources, the dealers have suggested for "more shorter duration government debt instruments" to reduce mark to market losses. The government has plans to borrow Rs 4.07 lakh crore from the money market in 2018-19.