State govts and Puducherry borrowing to be around Rs
50,000-55,000 cr for July-Sept 2014: RBI
27/06/2014 15:34
The Reserve Bank of India (RBI), in consultation with the State Governments, on Friday announced that the indicative quantum of total market borrowings by the State Governments and the Union Territory of Puducherry, for the quarter July to September 2014 to be in the range of Rs 50,000 to Rs 55,000 crore. The amount will be raised through auction of State Development Loans (SDLs) generally on the second and fourth Tuesdays of the month, the central bank said in a press release. The central bank said that it would endeavour to conduct the auctions in a calibrated manner and evenly distribute the borrowings throughout the quarter. The exact amount of borrowings would be intimated by way of press release two/three days prior to the actual auction day and they would depend on the requirements of the State Governments, approval from the Government of India under Article 293(3) of the Constitution of India and the market conditions.
27/06/2014 15:34
The Reserve Bank of India (RBI), in consultation with the State Governments, on Friday announced that the indicative quantum of total market borrowings by the State Governments and the Union Territory of Puducherry, for the quarter July to September 2014 to be in the range of Rs 50,000 to Rs 55,000 crore. The amount will be raised through auction of State Development Loans (SDLs) generally on the second and fourth Tuesdays of the month, the central bank said in a press release. The central bank said that it would endeavour to conduct the auctions in a calibrated manner and evenly distribute the borrowings throughout the quarter. The exact amount of borrowings would be intimated by way of press release two/three days prior to the actual auction day and they would depend on the requirements of the State Governments, approval from the Government of India under Article 293(3) of the Constitution of India and the market conditions.
