GOVERNMENT PUTS OFF NOV. BOROWING DUE TO GOOD LIQUIDITY

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The Central Government has decided not to raise borrowings through the scheduled auction for November 18-23, 2002 in view of the comfortable liquidity position.

The calendar for marketable dated securities for the second half of 2002-03 issued by Reserve Bank of India on September 18, 2002 had announced an auction of 10-15 year security for Rs.5000 crore during the period from November 18 to 23, 2002.