Regardless of the ₹10,000-crore liquidity infusion by the G-Sap route by the RBI final week and fewer States tapping the bond markets, their price of borrowing has been heading north, because the coupon hit the best degree since mid-March at 7%.

With this, the weighted common yields of State bonds have risen by a whopping 44 bps for the reason that first public sale of the fiscal on April 8, in line with Care Rankings. Forward of the ₹10,000-crore buy of State debt on June 17, the common price had fallen 20 bps to six.75% on the public sale on June 15.