Yield on the state development loans have seen a moderation in the last few months by 5-7 basis points based on easing yield on government securities.
In the last three auctions of SDL in April, states raised just Rs 16,300 crore against an estimate of Rs 39,300 crore, RBI data shows
In the last four weeks, the weighted average yield on the 10-year state development loans has risen by 5-7 basis points.