India bonds may continue gains, demand at 2025's last debt auction eyed
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Indian government bonds are expected to continue their gains due to the central bank's significant liquidity infusion. The Reserve Bank of India plans to inject 2.90 trillion rupees into the banking system, including open market bond purchases and a dollar-rupee swap. This move aims to maintain optimal banking liquidity and support bond prices. The 10-year bond yield is expected to remain between 6.50% and 6.54%. The RBI's actions have eased concerns about rising borrowing costs, with overnight index swap rates also expected to ease.
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