India’s July inflation data in the retail trade, which should be on Tuesday at 4 p.m., it is expected that a lowest point of eight years of 1.76% is expected to illuminate, compared to 2.10% in June | Photocredit: Designer491
Indian government bonds acted in a limited reach on Friday in early deals, because traders were waiting for the auction of the national debt and inflation lectures in India and the US a day later.
The return on the benchmark 10-year bond was at 6.4219% from 10:10 am compared to the end of Friday of 6.4121%.
The proceeds from the government bonds rose on Friday in the final market hours, after New Delhi had approved a large fee for oil marketing companies, causing concern about more tax measures caused by the government.
“A lower than expected supply of government debt has probably activated some short coverage, but the returns are expected to remain reached,” said a trader at a private bank.
Indian states will collect 84.5 billion rupees ($ 965.44 million) via bonds later in the day, which is lower than what traders had expected.
Every major action would only be seen after the inflation print, another trader said, in the expectation that the return of 10 years of bonds will oscillate between 6.38% and 6.43% during the day.
India’s July retail inflation data, which should be on Tuesday at 4 p.m., is expected to relieve a lowest point of eight years of 1.76%, a sense of 2.10% in June, according to a poll by Reuters.
The American inflation lecture is also due after market hours on Tuesday, which can influence the Federal Reserve target process and have an influence on the domestic bond market. Rates India’s overnight index change interest were not changed to early deals, because traders were waiting for the US and India inflation data for directive signals.
The OIS percentage of one year was 5.50% and the OIS percentage of two years was 5,4550%. The liquid OIS speed of five years rose slightly by 5.6750%.
Published on August 11, 2025
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