Mumbai, Aug. 12 -- The Reserve Bank of India (RBI) on Tuesday announced the results of its latest yield and price-based auction of State Government Securities (SGS), raising a total of Rs 8,450 crore from various states and Union Territories. The cut-off yields in the auction ranged from 6.4377 per cent to 7.43 per cent.

According to the RBI release, Bihar mobilised the highest notified amount in the auction with a Rs 2,000 crore issue carrying a cut-off yield of 7.43 per cent for a 30-year tenor. Telangana followed with a Rs 1,000 crore borrowing for a 35-year tenor at a cut-off yield of 7.33 per cent.

Goa raised Rs 100 crore at a yield of 7.12 per cent for an 11-year tenor, while Jammu and Kashmir garnered Rs 350 crore at a yield of 7...