Goa and Haryana secured lower cut-offs at 7.65 per cent, whereas Arunachal Pradesh experienced a higher cut-off
A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said
The 10-year benchmark bond yield is expected to move in a range of 7.21%-7.26%, after ending the previous session at 7.2356%, a trader with a primary dealership said
The Reserve Bank of India set the cut-off yield on 91-day, 182-day, and 364-day T-bill at 6.92 per cent, 7.11 per cent, and 7.15 per cent respectively
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
Capital expenditure of 13 major states is expected to grow 29% YoY, says ICRA
Prices of government bonds can fall massively due to interest rate risk. But a fresh policy can change this
In which we munch over the week's platter of news and views
The 10-year benchmark 7.18% 2033 bond yield ended at 7.2162% on Friday, leading to 10 basis points increase for the quarter. It had dropped by an aggregate 33 basis points in the last four quarters
Indian government bonds and the local currency took the news in their stride.
The benchmark 7.18% 2033 bond yield was trading at 7.23% on Thursday, after hitting a two-month low of 7.07% last Friday in the immediate reaction to the inclusion news
The auction of government-dated securities scheduled on Friday, will now be conducted on Thursday, with settlement on Friday
Rupee ends close to all time low
India's can manage address oil price hike better
NABARD to issue social sector bonds on Tuesday
Govt's dependence on foreign funds should be limited
This comes as interest received by it from govt bonds has seen a decline
Senior FinMin officials says development showing confidence in the Indian economy
Fiscal, monetary policies will need to be cognizant of global perceptions and sensitivities, says Nageswaran
Analysts expect the Wall Street major JP Morgan's decision to include the Indian government bonds in its global index from June next year will lead to a direct inflow of USD 20-25 billion in the country's debt market over 18-21 months. JP Morgan, announcing the inclusion earlier in the day, said India will have a maximum weight of 10 per cent in the index eventually and around 8.7 per cent in the emerging market global index. JP Morgan said in a statement on Friday that 73 per cent of investors are in favour the decision. The inclusion will be staggered over a 10-month period from June 28, 2024 to March 31, 2025. "We estimate this implies direct inflows of USD 20-25 billion over the course of the next 18-21 months, but some front-loading of inflows cannot be discounted," Rahul Bajoria, managing director and head of emerging market Asia (ex-China) at Barclays, said in a note on Friday. Japanese brokerage Nomura has pegged the inflows at USD 23.6 billion, which is 10 per cent of the