 "State govts' mkt borrowing pegged at Rs 65-75,000 cr")
The indicative quantum of total market borrowings by state governments and union territory of Puducherry for the fourth quarter of FY15 is expected to be in the range of Rs 65,000 crore to Rs 75,000 crore, said the Reserve Bank of India (RBI) on Tuesday. The decision was taken in consultation with state governments.
"The amount will be raised through auction of State Development Loans (SDLs) generally on the second and fourth Tuesdays of the month," said RBI.
The actual amount of borrowings would be intimated by way of press release two/three days prior to the actual auction day and would depend on the requirement of the State governments and approval from government, said RBI.
RBI would endeavour to conduct the auctions in a calibrated manner and distribute the borrowings evenly throughout the quarter.
"The amount will be raised through auction of State Development Loans (SDLs) generally on the second and fourth Tuesdays of the month," said RBI.
The actual amount of borrowings would be intimated by way of press release two/three days prior to the actual auction day and would depend on the requirement of the State governments and approval from government, said RBI.
RBI would endeavour to conduct the auctions in a calibrated manner and distribute the borrowings evenly throughout the quarter.
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