The Reserve Bank of India, in consultation with the State Governments, has issued an indicative calendar on the quantum of market borrowings by the State Governments and the Union Territory of Puducherry, for the quarter July-September 2016. The total borrowing expected to be in the range of Rs. 70,000 crore to Rs. 75,000 crore. The schedule of auctions along with the names of states which have confirmed participation and their indicative date-wise borrowings during the quarter is as under:
Indicative calendar of State Governments Market Borrowings
The actual amount of borrowings and the details of the states participating would be intimated by way of press release 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 Governments.
Press Release : 2015-2016/3058