New Delhi, June 27 -- As many as 26 state governments plan to borrow Rs.2.87 trillion from the markets through securities during the September quarter, the Reserve Bank of India (RBI) said on Friday.

It is higher than the Rs.2.6 trillion states planned to borrow during the year-ago period.

"The actual amount of borrowings and the details of the States/UTs participating would be intimated ...two/ three days prior to the actual auction day and would depend on the requirement of the state governments/UTs, approval from the Government of India under Article 293(3) of the Constitution of India and market conditions," the RBI statement said.

"The RBI would endeavour to conduct the auctions in a nondisruptive manner, taking into account the m...