Interest rates not likely to rise this FY - Ahluwalia

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Interest rates not likely to rise this FY - Ahluwalia

NEW DELHI (Reuters) -
Interest rates in India are unlikely to rise during the course of the year and worries about a high fiscal deficit being sustained into the future were misplaced, a top policy adviser said on Wednesday.

"If you are asking me whether I think interest rates are going to harden in the course of the current year, I would not assume that," Montek Singh Ahluwalia, deputy chairman of India's Planning Commission, told reporters.

Analysts expect interest rates may start rising towards the end of the fiscal year as the government plans to borrow a record 4.51 trillion rupees ($93 billion) in 2009/10 to fund a widening fiscal deficit.


fiscal adj. 財政的/會計的
fiscal year 會計年度/財政年度
fiscal deficit 財政赤字

deficit n. 赤字
a foreign trade deficit 外貿逆差

sustain v. 支撐/承受/承擔
harden v. (價格/通貨等)變堅挺/上漲

deputy n. 代理/代理人
eg: You can cowork with my deputy when I am on the holiday.

deputy adj. 代理的/副的[Z]
eg: deputy mayor 代理市長

rupee n. 盧比(印度、斯里蘭卡、尼泊爾等的貨幣單位)

widen v. 放寬/加寬/擴大
eg: The street is now being widened.