Overview

• RBI’s borrowing calendar lists two state loan auctions of ₹5,000 crore each on November 4 and November 25.
• The state sold ₹1,900 crore of securities on October 7 and raised ₹7,000 crore through bond auctions last month.
• Borrowings totaled ₹55,901.43 crore by August 31, about 70% of the ₹79,926.89 crore FY26 borrowing program.
• The FY26 revenue deficit was budgeted at ₹33,185.97 crore but reached ₹41,635.63 crore by the end of August.
• The fiscal deficit target is ₹79,926.90 crore, with ₹55,016.84 crore recorded by the end of August.