The States and Union Territories plan to borrow around INR 2.81tn through state government securities in the Q3FY26, the Reserve Bank of India announced on 03rd Oct. The borrowing amount was slightly lower compared to Q2FY26 issuance of INR 2.86 tn and a ~12% decline from Q3FY25 issuance of INR 3.20 tn. The borrowing number was also lower than the market participants expectation of INR 3.25-3.50 tn
