Question
Five states have raised Rs 5,250 crore through an
auction for state government securities.Thus,according to the Reserve Bank of India,which state has raised the highest amount of Rs 2,000 crore through two bonds?Solution
Five states have raised Rs 5,250 crore through an auction for state government securities. The scheduled auction amount of state development loans (SDLs) stood at Rs 5,250 crore against the notified amount of Rs 11,000 crore. The Reserve Bank of India (RBI) data showed that Telangana raised the highest amount of Rs 2,000 crore through two bonds. The state raised this amount through two papers — Rs 1,000 crore via a nine-year paper with a cut-off yield of 7.47 per cent and Rs 1,000 crore via an 18-year paper with a cut-off yield of 7.43 per cent.
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