March 20, 2012 / 9:48 AM / 6 years ago

Five Indian states raise 12.16 bln rupees via 10-yr loans

MUMBAI, March 20 (Reuters) - Five Indian states raised a
total of 12.16 billion rupees via 10-year state development
loans as per plan, the Reserve Bank of India said on Tuesday. 	
    The details of the cut-off yields at the auctions are as	
follows:   	
    State        Notified       Amount     Cut-off    Weighted	
                 Amount      accepted       yield   average	
                 (bln rupees)                (percent)	
 Arunachal            0.33        0.33       9.02      9.0200
 Pradesh                                              
 Bihar                5.00        5.00       9.03      9.0041
 Nagaland             2.50        2.50       9.04      9.0160
 Uttarakhand          3.00        3.00       9.02      8.9966
 UT of Puducherry     1.33        1.33       9.03      9.0028
 Total             12.16       12.16                  
 	
 (Reporting by Suvashree Dey Choudhury in MUMBAI; Editing by
Rajesh Pandathil)

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