Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter October – December 2023

Summary:

The Reserve Bank of India (RBI) and State Governments/Union Territories (UTs) have announced a total market borrowing of INR 2,37,263 crore for the quarter October-December 2023. The quarterly borrowing schedule consists of 14 auctions, with the first auction scheduled on October 3, 2023, and the last on December 26, 2023. The tentative borrowing amounts and states/UTs participating in each auction are outlined in the document. The actual borrowing amounts and participating states/UTs will be announced through press releases two to three days prior to the auction dates. The RBI aims to conduct the auctions in a non-disruptive manner, taking into account market conditions and other relevant factors, and reserves the right to modify the dates and amount of auctions as needed.