Total market borrowings by States, UTs during Oct-Dec quarter expected to be Rs 2.37 lakh cr: RBI

ANI
27 Sep 2023, 20:25 GMT+10

Mumbai (Maharashtra) [India], September 27 (ANI): The quantum of total market borrowings by the states and Union Territories during the October- December 2023 quarter, is expected to be Rs 2.37 lakh crore, as per the Reserve Bank of India's indicative borrowing calendar issued on Wednesday.

The borrowings will be made in 13 tranches, with the first proposed to be held on October 3 worth Rs 22,500 crore.

The weekly schedule of auctions to be held during the quarter along with the names of States and UTs who have confirmed participation, and tentative amounts indicated by them are available on the central bank's website.

RBI said it would endeavour to conduct the auctions in a non-disruptive manner, taking into account the market conditions and other relevant factors and distribute the borrowings evenly throughout the quarter.

"RBI reserves the right to modify the dates and the amount of auction in consultation with state governments/UTs," the central bank said. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orlando Echo.

More Information

null in null

International

Section

Tragedy in Spain: Diogo Jota and his brother die in car accident

MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...

Early heatwave grips Europe, leaving 8 dead and nations on alert

LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...

U.S. military, China, Russia in Space race

President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...

Trump wins $16 million settlement from Paramount over CBS Harris edit

NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...

British PM faces major party revolt over welfare reforms

LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...

White House meeting between Trump, Netanyahu on July 7

WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...

Florida

Section