Mumbai, Oct. 29 -- Eight states and union territories together mobilised Rs 17,800 crore through the latest state government securities (SGS) auction, according to data released by the Reserve Bank of India (RBI). The entire notified amount was accepted, signalling steady borrowing appetite among states and stable demand from investors.

Cut-off yields in the auction hovered around the 6.99-7.49% range, broadly reflecting a steady interest rate environment.

Among the major issuers, Madhya Pradesh was the largest borrower, raising a total of Rs 5,200 crore through two tranches - Rs 2,700 crore via a 21-year paper and Rs 2,500 crore through a 22-year bond, both at a yield of 7.40%. Haryana raised Rs 4,000 crore across four maturities, with...