Mumbai, Sept. 30 -- The Reserve Bank of India (RBI) on Tuesday said that 13 states collectively raised Rs 34,100 crore through the sale of state government securities (SGS) in the latest weekly auction. The entire notified amount was accepted, with yields largely hovering in the 7.3% to 7.6% band, except for a few re-issues from Maharashtra and Tamil Nadu.
Andhra Pradesh secured Rs 2,000 crore via two long-tenor borrowings of 20 and 21 years, both at a cut-off yield of 7.50%. Bihar raised Rs 4,000 crore through 18- and 24-year issuances, priced at yields of 7.58% and 7.57% respectively.
Goa tapped the market for a relatively modest Rs 100 crore at 7.37% on an 11-year paper. Haryana mobilised Rs 2,000 crore across 14- and 16-year securit...
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