India bonds little changed with focus on supply

Indian government bonds traded flat on Friday as markets anticipated fresh issuance. The benchmark 10-year yield was at 6.5788%. New Delhi plans to raise 300 billion rupees through bond sales. The Reserve Bank of India bought bonds worth 500 billion rupees, bringing its total purchases this year to 6.5 trillion rupees. Foreign investor appetite remains weak with net exits at nearly 106 billion rupees. India's overnight index swap rates are expected to remain range-bound.