Debt cost begins to pinch states again with 9 bps spike in last auction
After falling for six weeks on the trot, the cost of borrowings for the states rose for the second week with the latest auction on Tuesday, when their average cost of debt rose by 9 bps to 7.65 per cent
At the last auction, the average cut-off rose by 10 bps to 7.56 per cent, which was the first spike in the past six weeks. Source: Pixabay