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.
Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta
“One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon,” she said. “If