Economic TimesLean R·
India bond rally pauses ahead of state debt sale
Indian government bonds traded range-bound early Tuesday, pausing a three-session rally. Traders awaited a large state-debt auction, which will sell bonds worth 213.50 billion rupees. Oil and U.S. Treasury yields trading sideways provided no fresh directional triggers for the market. Sustained foreign buying is expected to continue underpinning sentiment in the bond market. Monsoon-led inflation concerns have also eased as rainfall improved across the country.
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