Mumbai, July 30 -- The Reserve Bank of India (RBI) on July 29 announced the results of the latest auction of State Government Securities (SGS), where twelve states collectively raised Rs 27,719.05 crore against a notified amount of Rs 30,000 crore. The funds were mobilised through a combination of fresh issuances and re-issuances of existing bonds, with yields ranging from 6.14% to 7.28% depending on the tenor and demand.

Assam tapped the market for Rs 500 crore, securing a competitive 6.76% yield over seven years. Haryana, demonstrating a strategic split in its debt profile, issued two tranches of Rs 1,000 crore each. The state opted for 14- and 15-year maturities, accepting yields of 7.06% and 7.15% respectively.

Himachal Pradesh face...