The state’s Revant Reddy government has indented the RBI to borrow another Rs 2,000 crore. The Reserve Bank of India (RBI) said it would take part in the e-auction held every Tuesday (every Tuesday).
- Revant Reddy government to take this auction on the 26th
Hyderabad, Aug 23 (Namaste Telangana): The RBI has indented the RBI to borrow another Rs 2,000 crore. The Reserve Bank of India (RBI) said it would take part in the e-auction held every Tuesday (every Tuesday). Security bonds for loan mobilization of Rs 500 crore for 26 years, Rs 1,000 crore for 28 years and another Rs 500 crore with a 30 -year period.
The RBI revealed this in a statement. In the budget, the Congress government has proposed to raise Rs 54,009 crore under market loans this fiscal year. However, before five months, the RBI borrowed Rs 31,900 crore till the 12th of this month. 60 per cent of the proposed loan collection in the budget has already been crossed. The total loan from the RBI is expected to be Rs 33,900 crore if the 2,000 crore is added next Tuesday.
