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Nabard raises ₹4,039 crore at 6.85% coupon, short of ₹7,000 crore target
Yields remain sticky with marquee state-owned issuers preferring shorter maturities
Govt raises Nabard's authorised capital to Rs 300 bn to aid rural economy
The increase in authorised capital will enable Nabard to respond to commitments it has undertaken, particularly in respect of the Long Term Irrigation Fund and on-lending to cooperative banks
