The Reserve Bank of India, in consultation with the State Governments, announces that the quantum of total market borrowings by the State Governments and the Union Territory of Puducherry, for the quarter April-June 2018, is expected to be in the range of ₹ 1,15,600 crore to ₹ 1,28,100 crore. The schedule of auctions on weekly basis (along with the names of States who have confirmed participation and tentative amounts indicated by them) to be held during the quarter is as under:

Indicative calendar of State Governments Market Borrowings
(April 2018 to June 2018- Q I)

The actual amount of borrowings and the details of the states participating would be intimated by way of press releases two/three days prior to the actual auction day and would depend on the requirement of the State Governments, approval from the Government of India under Article 293(3) of the Constitution of India and the market conditions. RBI would endeavour to conduct the auctions in a non-disruptive manner, taking into account the market conditions and other relevant factors and distribute the borrowings evenly throughout the quarter. RBI reserves the right to modify the dates and the amount of auction in consultation with State Government

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/2645