India cbank says states to borrow 550-600 bln rupees in March quarter

Last Updated: Thu, Dec 27, 2012 12:40 hrs

MUMBAI, Dec 27 (Reuters) - Indian states will borrow 550-600 billion rupees ($10.02-10.93 billion) from the market through state development loans in the January-March quarter, the Reserve Bank of India said on Thursday.

The auctions will be conducted on alternate Tuesdays.

($1=54.9 rupees) (Reporting by Shamik Paul; Editing by Subhranshu Sahu)

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