Govt borrowing to be conducted smoothly

The government's borrowing from the market in the 2009/10 fiscal year will be conducted

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in a non-disruptive manner, Reserve Bank of India Deputy Governor Shyamala Gopinath said on Thursday.

She was responding to questions from reporters before attending a meeting to revise the borrowing schedule for the first-half of the fiscal year that began April 1.

The updated budget, announced earlier this month, raised the target to 4.51 trillion rupees ($93 billion) for 2009/10 from 3.62 trillion rupees announced in the interim budget in February.

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