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UT to Raise Rs 200 Cr Via Open Market

Published: 21st September 2014 06:03 AM  |   Last Updated: 21st September 2014 06:03 AM   |  A+A-

PUDUCHERRY: The Puducherry administration has moved once again to borrow `200 crore through the open market.

According to an official release, the government has offered to auction securities of ten-year option for `200 crore. The auction will be held by the Reserve Bank of India on September 23. The minimum amount is of `10,000 and in multiples of the same amount.

This is the first borrowing in the current financial year. The government planned to borrow a total amount of `470.38 crore this financial year, according to the budget presented by Chief Minister.

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