RBI to unveil borrowing details this week

NEW DELHI – The Reserve Bank of India (RBI) will release details about the government's extra borrowing programme later this week and ensure it is conducted without disrupting the market, its governor said on Tuesday.

Earlier on Tuesday the government said it would borrow an extra 460 billion rupees ($9.45 billion) by late March from the market, sending bond yields higher and raising concerns about the state of public finances.

"In the course of this week we will come out with the details. As I said last week the borrowing will be conducted in such a way so that there is no disruption in the market," Duvvuri Subbarao told reporters before a function for a book release.