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Indian states to raise ₹16,750 crore via SGS auction
Reserve Bank of India — Press ReleasesLO·IN·1 day ago
RBI auction of 7.06% GS 2041 (₹17,000 crore) and 7.43% GS 2076 (₹11,000 crore) saw full acceptance at cut-off yields of 7.2305% and 7.6863% respectively, with no devolvement on primary dealers. The smooth absorption indicates steady demand for long-dated Indian government paper, with yields slightly below recent secondary levels, suggesting stable borrowing costs.