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India cbank-Total market borrowing by states seen at 600-650 bln rupees in March-qtr
December 31, 2013 / 11:49 AM / 4 years ago

India cbank-Total market borrowing by states seen at 600-650 bln rupees in March-qtr

MUMBAI, Dec 31 (Reuters) - India's central bank said the total market borrowing by states and the union territory of Puducherry is expected to be 600-650 billion rupees in the January-March quarter.

The amount will be raised through auction of state development loans (SDLs) conducted generally on alternate Tuesdays, the Reserve Bank of India said in a release.

The RBI would endeavour to conduct the auctions in a calibrated manner and distribute the borrowings evenly throughout the quarter, it said. (Reporting by Subhadip Sircar; Editing by Sunil Nair)

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