 "rupee, indian rupee, indian currency")
Market borrowing by 11 state governments for this week reached Rs 22,500 crore in Tuesday’s bond auction, raising it to a sharp 62 per cent higher than the indicated Rs 13,900 crore.
At Tuesday’s auction, the cut-off yield for 10-year bonds hardened by two-three basis points (bps) at 7.35-7.37 per cent over last week, when it was 7.32-7.34 per cent, according to the Reserve Bank of India data.
The four state governments issued 10-year bonds to raise Rs 3,000 crore. Tamil Nadu raised Rs 2,000 crore, Haryana Rs 750 crore, Nagaland Rs 150 crore, and Goa Rs 100 crore.
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