The GoI is likely to announce the government's borrowing calendar for Apr-Sept of FY27 by the end of this week or early next week. The gross market borrowing for FY27 is likely to be revised down to around INR 15.8 trillion as post the Budget announcement, the government conducted gilt switches of worth INR 1.4 trillion with the RBI and market participants. These switches have all targeted bonds maturing in FY27, effectively reducing the repayment burden in the coming fiscal year and lowering gross market borrowing from the record INR 17.20 trillion announced in the Union Budget for FY27
