<h1>State Govts & Puducherry to Borrow Rs. 55,000-60,000 Crore via State Development Loans in Jan-Mar 2013.</h1> The Reserve Bank of India, in consultation with State Governments, announced that the expected market borrowings by State Governments and the Union Territory of Puducherry for January-March 2013 will range from Rs. 55,000 crore to Rs. 60,000 crore. These funds will be raised through State Development Loans auctions, typically held on alternate Tuesdays. The RBI aims to conduct these auctions in a calibrated manner to distribute borrowings evenly throughout the quarter. The exact borrowing amounts will be announced a few days before each auction, depending on state requirements, government approval, and market conditions.