Home Economy States’ borrowing costs rise as yields touch 7 per cent: Report

States’ borrowing costs rise as yields touch 7 per cent: Report

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The borrowing cost across the states and maturities rose to the highest level since mid-March, reversing the decline seen at last week’s auction at 7 per cent in today’s auctions of state government securities, which is a full 24 bps higher than last week, the agency noted.

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