The Reserve Bank of India, RBI has capped the Ways and Means Advances, WMA limit for the central government in the first half of the new financial year 2015 at 35,000 crore rupees. In a notification issued yesterday, the apex bank said that it may trigger fresh flotation of market loans when the government utilises 75 per cent of the WMA limit. The second half limit will be fixed in September.The Reserve Bank would retain the flexibility to revise the limits at any time, in consultation with government, taking into consideration the prevailing circumstances.RBI said that the interest rate on WMA/overdraft will be 2 per cent above the repo rate.