Indian gov't bond yields near 6.98% ahead of federal budget, focusing on fiscal deficit targets and gross borrowing.
Indian gov't bond yields approach 6.98% ahead of federal budget, with RBI's unexpected debt sale adding to investor anticipation. The budget will focus on fiscal deficit targets and gross borrowing figures, with median forecasts showing a 5.1% fiscal deficit and 14.13 trillion rupees in gross borrowing. Some market participants believe the government could cut the fiscal deficit target and borrowing by more.
July 22, 2024
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