States' gross market borrowing likely Rs 4.5 trn in FY18: ICRA

by www.moneycontrol.com
The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert an upward pressure on state development loans (SDL) yields in the next fiscal, rating agency ICRA said.
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