Motilal Oswal
    NIFTY 50
Motilal Oswal

Budget 2019: Edelweiss says government borrowing plan for next year will be important for market liquidity

Updated : February 01, 2019 10:56 AM IST

Edelweiss Financial Services on Friday said the government borrowing plan for the next year will be important for market liquidity as it has played a big role in the D-Street sentiment last year.

In an interview to CNBC-TV18, Rashesh Shah, chairman and chief executive officer, expects the government borrowing to be under control which should help liquidity, "Thinks that centre will stick to FY19 fiscal deficit target of 3.3 percent."

Shah said fall in crude oil prices in the international market and postponing of expenditure will help the Narendra Modi government in meeting the fiscal deficit.
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