Kolkata, Oct 16 (UNI) " Given the persisting revenue shortfall of Central and State Governments, additional market borrowing is not a major surprise, " opined Siddhartha Sanyal, Bandhan Bank's Chief Economist and Head – Research.
In a statement on Friday, Sanyal said, " Thus, irrespective of the market's knee jerk reaction on Friday, one feels that the current set of announcements will eventually help reducing uncertainties and anchoring market sentiment over the coming weeks, especially given the intelligent selection of the maturity buckets for the additional borrowing that enjoy strong demand. "
" The current set of announcements may also lead to further flattening of the yield curve, thereby inducing better transmission of the RBI's monetary easing, " Sanyal added.