RBI to auction 29,900 crore rupees of state government securities on November 3

The Reserve Bank of India will auction state government securities worth 29,900 crore rupees on November 3, involving 12 state governments. Maharashtra leads with 2,200 crore rupees in bids, while other participants include Andhra Pradesh, Delhi, Gujarat, Karnataka, Madhya Pradesh, Punjab, Rajasthan, Telangana, and West Bengal. The auction will be conducted via the RBI's E-Kuber system, with competitive bids accepted between 10:30 A.M. and 11:30 A.M., and non-competitive bids between 10:30 A.M. and 11:00 A.M.