RBI raises WMA limits of States/UTs by 28% to ₹60,118 crore

Based on the recommendations made by the Group constituted by the Reserve Bank and consisting of select state Finance Secretaries and taking into account the expenditure data of the states for the recent years, it has been decided to revise the WMA limits of the State Governments/ UTs, effective from July 1, 2024, the RBI said in a circular