The Reserve Bank of India, in consultation with the State Governments, announces that the quantum of total market borrowings by the State Governments for the quarter July – September 2019, is expected to be ₹ 1,39,420 crores. The weekly schedule of auctions to be held during the quarter along with the name of States who have confirmed participation and tentative amounts indicated by them is as under:

Indicative Market Borrowing calendar of State Governments
(July 2019 to September 2019 – Q2)

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 Governments.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/3068