New Delhi, The government's total gross liabilities increased to Rs 171.78 lakh crore at the end of March 2024 from Rs 166.14 lakh crore at the end of December, the Finance Ministry said.
This represented a quarter-on-quarter increase of 3.4 percent in the fourth quarter of 2023-24, according to the quarterly public debt management report (January-March 2024).
Public debt accounted for 90.2 percent of total gross liabilities during the quarter, it said.
"During the quarter, Indian domestic bond yields softened due to a lower-than-planned borrowing plan announced in the interim budget, adjustment of fiscal deficit to 5.1 per cent of GDP for FY25, a reduction specific fiscal deficit equal to or less than 4.5 per cent for FY26, FPI inflows and stable inflation," he said.
On the other hand, he said, US Treasury yields remained volatile during the quarter, affected primarily by Federal Reserve action, inflation and employment data.
US 10-year bond yields hit a high of 4.33 percent during the quarter.
The weighted average yield fell to 7.19 per cent in Q4 2023-24 compared to 7.37 per cent in Q3 2023-24 on new issues, he said.
Further, it said, the weighted average maturity of dated securities issues moderated to 18.75 years in Q4 2023-24 (18.80 years in Q3 2023-24).
The weighted average maturity of the outstanding stock of dated securities increased to 12.54 years at the end of the fourth quarter of 2023-24 compared to 12.52 years at the end of the third quarter of 2023-24, he said.
The ownership pattern of central government securities indicates that the share of commercial banks increased to 37.7 percent at the end of March 2024, compared to 36.6 percent in March 2023, he said.
Furthermore, it said, the share of insurance companies remained constant at 26.0 percent in March 2024, while the share of FPIs improved to 2.3 percent at the end of March 2024 compared to the 1.4 percent in March 2023.
The RBI's share continued to decline to 12.3 per cent at the end of March 2024 compared to 14.3 per cent during the corresponding period of the previous year, he added.
This represented a quarter-on-quarter increase of 3.4 percent in the fourth quarter of 2023-24, according to the quarterly public debt management report (January-March 2024).
Public debt accounted for 90.2 percent of total gross liabilities during the quarter, it said.
"During the quarter, Indian domestic bond yields softened due to a lower-than-planned borrowing plan announced in the interim budget, adjustment of fiscal deficit to 5.1 per cent of GDP for FY25, a reduction specific fiscal deficit equal to or less than 4.5 per cent for FY26, FPI inflows and stable inflation," he said.
On the other hand, he said, US Treasury yields remained volatile during the quarter, affected primarily by Federal Reserve action, inflation and employment data.
US 10-year bond yields hit a high of 4.33 percent during the quarter.
The weighted average yield fell to 7.19 per cent in Q4 2023-24 compared to 7.37 per cent in Q3 2023-24 on new issues, he said.
Further, it said, the weighted average maturity of dated securities issues moderated to 18.75 years in Q4 2023-24 (18.80 years in Q3 2023-24).
The weighted average maturity of the outstanding stock of dated securities increased to 12.54 years at the end of the fourth quarter of 2023-24 compared to 12.52 years at the end of the third quarter of 2023-24, he said.
The ownership pattern of central government securities indicates that the share of commercial banks increased to 37.7 percent at the end of March 2024, compared to 36.6 percent in March 2023, he said.
Furthermore, it said, the share of insurance companies remained constant at 26.0 percent in March 2024, while the share of FPIs improved to 2.3 percent at the end of March 2024 compared to the 1.4 percent in March 2023.
The RBI's share continued to decline to 12.3 per cent at the end of March 2024 compared to 14.3 per cent during the corresponding period of the previous year, he added.
