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States borrowing costs begin to fall SECTIONS Last Updated: May 25, 2021, 03:22 PM IST Share Synopsis The steep fall during the auction on Monday was due to the fact that Goa, Gujarat, Himachal Pradesh, Punjab, Telangana, Uttar Pradesh and West Bengal did not turn up despite indicating that they were planning to raise Rs 9,600 crore. So far, the issuance has trailed the indicated level in six of the eight weekly auctions held this fiscal. With large borrowing states not coming to the market or drawing down less than indicated amounts, states are seeing the cost of their debt falling finally, with the weighted average interest rate declining by 18 basis points to 6.74 at the auction of state government securities on Monday.

Uttar pradeshHimachal pradeshAndhra pradeshTamil naduAditi nayarGovernment securitiesIcra ratings chief economist aditiWest bengalState borrowingஉத்தர் பிரதேஷ்இமாச்சல் பிரதேஷ்ஆந்திரா பிரதேஷ்தமிழ் நாடுஅரசு பத்திரங்கள்மேற்கு பெங்கல்நிலை கடன் வாங்குதல்