Indian government bonds saw a slight dip early Friday. Traders are cautious due to upcoming debt sales and a large state borrowing schedule. New Delhi will sell benchmark 10-year bonds today. Indian states are expected to announce their borrowing plans for January to March. Investors anticipate a record quarterly supply. The Reserve Bank of India is injecting liquidity.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an