Indian States Raise Rs 268.15 Billion Via Bond Auctions At Yields Around 7.5-7.65%

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

Ten Indian states collectively raised Rs 268.15 billion through State Development Loan (SDL) auctions, meeting their targeted borrowing. Cut-off yields ranged between 7.48% and 7.65%, reflecting investor caution amid fiscal pressures and stable demand. The auction highlights continued reliance on SDLs for financing state-level expenditures.