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Policy● Neutral for Indian equities
RBI extends benchmark issuance strategy to 7 more states, J&K from Q3 FY27
The brief
- RBI will extend its benchmark issuance framework to seven more states and Jammu and Kashmir from Q3 FY27
- State and Union Territory market borrowing is expected at ₹3.61…
- The expanded framework affects state borrowing and bond supply for Indian bond investors