India state governments to raise ₹31,200 crore via bond auction

The Reserve Bank of India announced a state government securities auction for an aggregate ₹31,200 crore across multiple states and tenors, including fresh issuance and re-issues. This reflects ongoing state borrowing activity in India's debt market, with the auction set to absorb liquidity and influence state bond yields. The development is routine but relevant for fixed-income investors tracking Indian state debt supply.