SDL Auction Roundup: 9 States Raise ₹178 Billion as Yields Hold Steady Across Tenors

India’s latest State Development Loan (SDL) auction saw nine states collectively raise ₹178 billion, matching the targeted issuance. Yields remained stable across maturities, with Tamil Nadu, Madhya Pradesh, Haryana, and Punjab leading the issuance. The auction reflects steady demand and disciplined pricing amid fiscal and rate-cut expectations.

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