India bonds expected to trade rangebound before debt supply, borrowing plan

Indian government bonds may fluctuate within a narrow range this Friday. Traders are awaiting fresh debt supply. The federal borrowing calendar for the second half of the fiscal year is expected. New Delhi plans to issue 15-year and 40-year bonds. The Reserve Bank of India’s policy decision is due on October 1. Overnight index swaps are expected to trade narrowly.

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