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Macro Updates
14 state governments and 1 UT raised Rs 41,200 crore in the last bond auction for FY23, which is 67% beyond the planned for the week. The weighted average tenure of the borrowings also rose to 16 years from 14, while the weighted average cut-off of the SGS rose by seven basis points (bps) to 7.81% on Tuesday from 7.74% in the last auction.
March 29, 2023
