New Delhi, Nov. 11 -- The Reserve Bank of India (RBI) on Tuesday announced the results of the yield and price-based auction of state government securities (SGSs), through which nine states and union territories raised a total of Rs 15,560 crore against a notified amount of Rs 16,560 crore.
According to the RBI release, the participating states included Bihar, Chhattisgarh, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Mizoram, Tamil Nadu, Telangana, and Uttar Pradesh.
Bihar raised Rs 1,500 crore at a cut-off yield of 7.44 per cent for a 15-year tenor, while Chhattisgarh mobilised a total of Rs 1,500 crore through two re-issues, Rs 500 crore of 6.59 per cent Chhattisgarh SDL 2028 at a yield of 6.3876 per cent, and Rs 1,000 crore of 7.1...
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