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RBI says Punjab state to raise 3 bln rupees via 10-year loans on March 1

Source : REUTERS
Last Updated: Wed, Feb 27, 2013 12:30 hrs

MUMBAI, Feb 27 (Reuters) - The Reserve Bank of India said Punjab state was scheduled to raise 3 billion rupees ($56.18 million) through auction of 10-year state development loans on March 1.

The auction will be conducted through yield based method, the central bank said in a release on Wednesday. ($1 = 53.4 rupees) (Reporting by Neha Dasgupta; Editing by Anand Basu)

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