RBI will likely set a cutoff yield of 7.23% on 130 billion rupees ($1.63 billion) of the new 10-year bond being auctioned on Friday, according to the median estimates in a Reuters poll
Indian government bond yields dropped on Friday, with the 10-year yield trading at a three-month low, after global oil prices fell overnight, while market participants awaited a Reserve Bank of India
Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy
Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets
Standard Chartered estimates that excess India bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 note
Analysts expect bond yields to go up faster in the new financial year amid inflationary pressure
India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4
India's benchmark 10-year bond yield closed at at 6.75%, up 6 basis points from its previous close
The impasse has generated considerable uncertainty around when Indian bonds might be added to global indexes
Finance Minister Nirmala Sitharaman will propose to exempt Euroclear settlements from tax, says report.
The benchmark 10-year bond yield rose as much as 3 basis points on the day to 6.38%
The partially convertible rupee was trading at 74.11/12 per dollar, as of 0622 GMT, after touching 74.1875, its weakest since Aug. 27. The pair had closed at 74.04 on Tuesday
The most-traded 6.64% 2035 bond was up 6 basis points at 6.79%
A bank placed a wrong price quote, which led to a negative yield as the paper was nearing maturity
Another discretionary tool to manage liquidity may be a timely one
The bond auctions Thursday drew lower-than-expected cutoff yields, including 5.9726% on the benchmark 10-year note, compared with 6.03% estimated in a Bloomberg News survey
The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence
The expectations are for the 10-year yield to drop further to 5.75%, a level last seen in July, according to a median estimate of 15 traders surveyed by Bloomberg
The yields of some prominent companies are still at very high levels and high net-worth individuals and family offices, who are lapping up these bonds at very attractive rates, are reaping the benefit
Seven Indian states are due to sell at least Rs 90 billion worth of debt later in the day with a greenshoe option to retain an additional 30 Rs billion