RBI State Securities Auction Raises ₹20,100 Crore

RBI announced full subscription of state government securities auction raising ₹20,100 crore across six states.
Cut‑off yields ranged from 7.64% to 7.92% with prices between 98.56 and 99.46 per ₹100, indicating strong demand.
Andhra Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu and Telangana each saw full allotment of multiple re‑issued bonds with tenors up to 23 years.
Deputy General Manager Ajit Prasad signed the release, confirming the auction details and cut‑off prices.