India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June
The liquidity in the banking system has improved significantly on the back of government spending
Offshore investors bought Rs 90.9 billion ($1.1 billion) of the so-called fully accessible route bonds in the week through Aug. 2
The South Asian nation surprised investors by imposing restrictions on sales of new securities with those tenors this week, just a month after it was included in JPMorgan's flagship gauge
The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply
The decision on exclusions from the FAR category is not based on any consideration of volatility
The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session
The struggling state-run company had received Rs 936 million ($11.21 million) from the government for the interest payment as per the guarantee agreement for the bonds
Investors' eagerness for short-term bonds are driven by lower supply of treasury bills
The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September
On Wednesday, the Federal Reserve Chair Jerome Powell said he was not yet ready to declare victory over inflation but felt that the economy is on a stable path to steady prices
New Delhi aims to raise Rs 280 billion ($3.35 billion) by selling bonds through the weekly auction, including the liquid 15-year paper
Investors continue to gauge the pace of foreign inflows into Indian government bonds over the next few days after an underwhelming response so far
The yield spread between the 10-year government bond and state bonds stood between 34 basis points and 38 basis points
US yields rose on Friday and gained further during Asia hours as uncertainty around the US presidential election
Most Indian government bonds under the Fully Accessible Route (FAR) will be a part of the JPMorgan index. These papers have already seen inflows nearing $11 billion since the inclusion's announcement
India inclusion in JP Morgan Bond Index: The inclusion process will begin on June 28, 2024 and will be completed over a period of 10 months, till March 2025
Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion
The benchmark 10-year yield ended at 6.9858 per cent, following its previous close of 6.9741 per cent
Indian bonds will be included in JPMorgan's widely-tracked emerging market debt index on June 28