Mumbai, Aug. 4 -- State governments and Union Territories collectively raised Rs 24,086.05 crore through the auction of State Government Securities (SGS) on Tuesday against the notified amount of Rs 26,850 crore. The shortfall was driven by Gujarat rejecting its entire Rs 2,500 crore offering, while Assam and Uttarakhand accepted partial amounts.

Assam accepted Rs 930.03 crore against the notified Rs 1,000 crore through the re-issue of 7.56% Assam SGS 2036, originally issued on 22 July 2026. The security was accepted at a price of Rs 99.79, implying a cut-off yield of 7.5897%.

Bihar raised Rs 2,000 crore across two re-issued securities. The state accepted Rs 800 crore through the re-issue of 7.42% Bihar SGS 2035, issued on 08 July 2026,...