Money & Banking

States may borrow Rs 65,000 cr in Q4

| Updated on: Jan 01, 2014

The Reserve Bank of India has said that the indicative quantum of total market borrowings by State Governments and the Union Territory of Puducherry for the quarter January-March 2014 is expected to be Rs 60,000-65,000 crore.

The amount will be raised through auction of State Development Loans (SDLs) conducted generally on alternate Tuesdays.

In a statement, the RBI said it would endeavour to conduct the auctions in a calibrated manner and distribute the borrowings evenly throughout the quarter.

Published on January 01, 2014

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