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India Didn’t Borrow From Central Bank in Week to Nov. 26

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Dec. 3 (Bloomberg) -- India’s federal government didn’t borrow from the central bank in the week ended Nov. 26, refraining from using a short-term loan facility, the Reserve Bank of India said in an e-mailed statement in Mumbai today.

The federal government had no outstanding debt with the central bank, according to the statement. States repaid 2.2 billion rupees to the Reserve Bank in the week, lowering outstanding advances to 12.4 billion rupees.

Link to Company News: {RBI IN <Equity> CN <GO>}

To contact the reporter on this story: V Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net

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