Govt's gross debt rises 2.2% QoQ to Rs 159.53 lakh cr in Q1

The Indian government's total gross debt increased by 2.2% to Rs 159.53 lakh crore in the April-June quarter of this fiscal year, according to a finance ministry report. Public debt accounted for 89.5% of the total liabilities during the quarter. The report also highlighted that trading activities in the secondary market were concentrated in the 7-10-year maturity bucket, with private sector banks being the dominant trading segment.

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