I would urge market participants to utilize the SDL data being published by RBI to take informed investment decision and also encourage participation of other investors including FPIs in SDLs. Economic and social welfare of citizens is dependent on effective fiscal and debt management by the states.
Building robust SDL markets and augmenting debt management systems in states to take care of emergent risks, is both imperative and urgent. Reserve Bank has been working actively with State Governments to achieve this objective. I would urge market participants also to play an active role in this endeavour. Thank You. 13