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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.
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