RBI estimates Rs 2.12 lakh crore borrowing by states through bonds in July-September

Indian states are expected to borrow Rs 2.12 lakh crore via bonds in July-September, the Reserve Bank of India (RBI) said on July 1. States are scheduled to raise Rs 62,640 crore in July, Rs 81,582 crore in August and Rs 67,330 crore in September, the RBI said in a release. State debt auctions typically happen every Tuesday.

July-September's indicative borrowing by states is around 29 percent higher than the actual borrowing of Rs. 1.6 lakh crore in the same quarter of the previous financial year and is nearly twice as high as the Rs 1.1 lakh crore raised in April-June.