The planning commission on Sunday said the Fiscal Deficit would be High but not be in "double digits". "Bankers are always concerned about the size of the government's borrowing. Because it is very large, many of them think that the interest rate on government debt will rise and they would rather retain liquidity now in order to invest in high-yield-ing government bonds," Planning commission deputy Chairman Montek Singh Ahluwalia said.
He also said that he dont want to speculate on any of the Budget numbers, but he have no doubdt that Fiscal Deficit will not be in 'Double Digits'.
satish.....,22 june
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