Get latest articles and stories on Latest News at LatestLY. In the second-highest auction so far in FY23, 13 states raised Rs 25,800 crore in debt capital from markets on Tuesday, paying a higher price as the cost rose by 4 basis points to 7.68 per cent. Latest News | Ahead of Budget, States Debt Cost Rises Marginally to 7.68 Pc.
Get latest articles and stories on Latest News at LatestLY. After falling for six weeks on the trot, the cost of borrowings for the states rose for the second week with the latest auction on Tuesday, when their average cost of debt rose by 9 bps to 7.65 per cent. Latest News | Debt Cost Begins to Pinch States Again with 9 Bps Spike in Last Auction.
Get latest articles and stories on Latest News at LatestLY. Domestic rating agency Icra Ratings on Wednesday revised the growth estimate for Housing Finance Companies (HFCs) to 10-12 per cent for FY23 from an earlier projection of 9-11 per cent. Latest News | Housing Finance Companies Likely to Grow at 10-12 Pc in FY23: Report.
Since the beginning of this fiscal year, states have been paying much higher for their market borrowings with the average yields sniffing at the 8-percentage-mark for many weeks.