State Gov Securities Auction ₹57,408 Cr Yields ~7.8%

RBI auctioned ₹57,408 cr of State Government Securities on 24‑Mar‑2026 across 30+ issues, setting yields around 7.6‑7.9 %.
Competitive bids totalled over ₹200 bn, with weighted average yields ranging 7.55‑7.86 % and partial allotments varying from 0.8‑98.99 %.
Several states (e.g., Gujarat, Maharashtra, Tamil Nadu) accepted additional amounts, while others (Assam, Jharkhand, Kerala) recorded zero acceptance on re‑issues.
The auction outcomes influence market liquidity and benchmark yields, impacting corporate borrowing costs and equity valuations.