Fixed Income And Currency Market

3 Jul 2022

Borrowing cost of states likely to rise further due to higher market borrowing

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As compared to Q1FY23, states of India will borrow double during Q2FY23 than what they did in the same quarter of last year, which may cause State Development Loans (SDL) yields to rise. In addition, possible policy repo rate hike by the RBI will expedite the yield uptrend.

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Subhasis Mishra
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