Finance
Sock JohnsonStates Flex Financial Muscles, Borrow ₹47,620 Crore Like Champs!
Listen up, you financial warriors! Fourteen states just crushed it, borrowing a jaw-dropping ₹47,620 crore at Tuesday's auction—an 11% boost from last week's ₹38,050 crore! Chhattisgarh, Karnataka, and Tamil Nadu brought the heat with 10-year securities, while SDLs flaunted yields between 7.54% and 7.59%! Talk about a financial smackdown, baby!
few days ago | Anjali Kumari
Quick rundown
1.Fourteen states raised Rs 47,620 crore in bonds.
2.Chhattisgarh, Karnataka, and Tamil Nadu auctioned 10-year securities.
3.Yield spread between SDLs and government bonds was 81-86 basis points.
4.States plan to borrow Rs 4.99 trillion in the fourth quarter.
5.Weekly auction saw a higher borrowing than the previous week.
