New Delhi [India], October 14: While the news headlines are often dominated by stock market highs and IPO buzz, there's another part of financial system quietly shaping everything from interest rates to government spending -- the bond market or the debt market.
India's 10-year government bond yield is expected to trade in the range of 6.50-6.60 per cent during September, according to a report by Bank of Baroda.
Seven major Indian states raised a total of Rs 13,300 crore in the latest round of auction of State Government Securities (SGS), according to the data released by the Reserve Bank of India (RBI).
As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve
India's banking system remained in a liquidity surplus during the past week, with average surplus funds amounting to Rs 2.04 lakh crore, according to a report by Union Bank of India.