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Finance Ministry expects modest supply in October-March and the euphoria around index inclusion to drive down yields on Indian government bonds by another 6-7 basis points going ahead. But, the recent rise in crude oil prices could weigh in on bond prices
India aims to borrow 6.55 trillion rupees ($78.68 billion) on a gross basis through the sale of bonds in October-March, and officials of India's federal government and the central bank are meeting in New Delhi on Tuesday to finalise the borrowing plan for October to March, two sources told Reuters.
The report released by the finance ministry said public debt accounted for 89% of the total outstanding liabilities in December compared to 89.1% at the end of September