State Borrowing Costs Rise Even As RBI Provides Short-Term Relief
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

State Borrowing Costs Rise Even As RBI Provides Short-Term Relief

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Indian states, strapped for funds as they seek to counter the fallout of Covid-19 outbreak, saw borrowings costs spike at the first bond auction of the current financial year.The fear that states a...