Search result for 'state borrowing costs'

State borrowing costs fell to a 32-week low of 7.40% on Tuesday, driven by lower supplies and a decrease in auctioned debt. Interest rates have been trending downward since February, after the...

State borrowing costs have fallen for the third consecutive week, reaching 7.44% in Tuesday's debt auction. The decline follows a lower-than-anticipated borrowing forecast in the interim Union Budget.

States' borrowing cost declined to 7.48% at the latest auction, marking an 18-month low. The lower supply was attributed to the upward revision in tax devolution in the revised estimates for FY24...

States' borrowing cost fell to a 11-week low of 7.61% on Tuesday as the weighted average coupon rate on their debt fell 8 bps to 7.61%.

Indian states continue to face elevated borrowing costs with the average coupon rate for state government securities remaining at 7.69% at the latest auction. Read more.