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flag India's central bank sold more state bonds than planned on March 2, 2026, due to strong investor demand.

flag The Reserve Bank of India allocated ₹44,330 crore in state bonds on March 2, 2026, exceeding the notified amount of ₹43,130 crore. flag Competitive bids totaling ₹2.07 lakh crore were received, with ₹42,564 crore accepted, and non-competitive bids yielded ₹1,766 crore in allotments. flag Major states including Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh, Gujarat, and West Bengal raised funds across 5- to 30-year securities. flag Cutoff yields ranged from 6.91% to 7.7037%, reflecting strong demand driven by fiscal needs and investor appetite for fixed-income instruments.

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