States' debt cost rises to 16-week high of 7.49%
States' borrowing cost rose as they offered a coupon rate of 7.49 per cent for the securities sold in auction on Monday. The coupon rate is the highest in the past 16 weeks, according to an analysis by Icra Ratings.
Nine states together raised Rs 13,200 crore from selling government securities in the auction held on Monday. Image Courtesy: Reuters.