State govts to raise Rs 50,000 crore in a day, set bond record

State govts to raise Rs 50,000 crore in a day, set bond record

MUMBAI: On Tuesday, when 17 states together would borrow a little over Rs 50,000 crore through auction of bonds, it would be the highest such borrowing amount on a single day either by central or state govts in India’s bond market history. The record high amount, however, is unlikely to disrupt the prevailing yields in … Read more