RBI to Sell Rs 4.73 Lakh Crore Bonds in March Quarter to Fund States and UTs

In a significant move to bolster state and union territory finances, the Reserve Bank of India (RBI) announced plans to sell government bonds worth Rs 4.73 lakh crore during the March quarter of FY2024-25. This initiative aims to provide states and UTs with much-needed liquidity for development projects and fiscal management. The bond sale will also play a crucial role in meeting budgetary obligations while maintaining financial stability. Market participants anticipate a robust response, reflecting confidence in India’s economic trajectory.

Source: RBI Official Statement