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States Flex Financial Muscles, Borrow ₹47,620 Crore Like Champs!

States 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!

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.

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