Govt to meet primary dealers to discuss Rs 6.06-trn bond sale plan: Report

The yield on the benchmark 10-year government bond was trading little changed at 7.61 per cent, paring an earlier advance of two basis points

India’s finance ministry has called for a meeting of primary dealers in New Delhi on Wednesday to discuss its near record bond-sale program for the new fiscal year, according to people with knowledge of the matter.

The ministry wants to seek the views of market participants about how it can conduct the Rs 6.06-trillion ($92.9 billion) program smoothly, and talks may include what maturities would be better received, said two primary dealers. A government official said the meeting would be used to gauge the mood of the market and the appetite for bonds. All the people asked not to be named