Mumbai: Reserve Bank will conduct auction of eight state government bonds aggregating Rs 4,815 crore on Tuesday.
Eight state governments have offered to sell 10-year securities by way of auction, RBI said in a release.
These states are : Arunachal Pradesh (Rs 75 crore); Gujarat (Rs 1,000 crore with an option to retain an additional amount of Rs 300 crore); Kerala (Rs 500 crore); Manipur (Rs 50 crore); Punjab (Rs 400 crore); Tamil Nadu (Rs 1,000 crore); Telangana (Rs 1,500 crore) and Uttarakhand (Rs 290 crore).
The auction will be conducted on the Reserve Bank's core banking solution (E-Kuber) system.
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