At 7.43%, states debt cost shoots over the roof at the last auction of FY22

In FY22, borrowings by Bihar, Haryana, Manipur, Sikkim, Telangana and Bengal were higher than the previous fiscal as Telangana, Haryana, Bihar and Bengal saw a revenue deficit in the April-January whereas Sikkim has borrowed more despite a revenue surplus. Odisha has not raised any money from the market at all in FY22, while it had raised Rs 3,000 crore last fiscal.At the final auction of state debt of FY22, 15 states raised Rs 30,900 crore, 24 per cent higher than the amount that had initially been indicated for this week.

from Banking/Finance-Industry-Economic Times https://ift.tt/Fx2eSZX