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Business News/ Economy / RBI pegs state governments' borrowing at 2.02 lakh cr in Dec quarter
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RBI pegs state governments' borrowing at ₹2.02 lakh cr in Dec quarter

RBI said it would provide the details of actual state governments market borrowing and details of them participating prior to two-to-three days of actual auction

The state governments market borrowing would be conducted via auctions on a weekly basisPremium
The state governments market borrowing would be conducted via auctions on a weekly basis

The Reserve Bank of India (RBI) on Thursday said that the total market borrowing by state governments, and union territories during October-December 2021 period is likely to be around 2.01 lakh crore.

The Central bank has also announced the weekly schedule of auctions during the December quarter.

RBI said it would provide the details of actual amount of borrowings and details of the states/UTs participating prior to two-to-three days of actual auction.

Earlier, the Central government has said it will borrow around 5.03 lakh crore from the market for the second half of the financial year ending March 2022 (FY22).

The projection for second half borrowing figure, the government said, also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year.

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Published: 30 Sep 2021, 07:05 PM IST
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