MUMBAI, March 26 (Reuters) – Indian government bond yields are expected to open a tad higher at the start of the holiday-truncated week on Tuesday, before yet another record state debt supply, while a rout in the rupee in the previous session might continue to hurt. The benchmark 10-year yield is likely to trade in a 7.06%-7.11% range, following its previous close of 7.0927%, a trader with a private bank said. Indian markets were shut on Monday and will remain closed on Friday for public holidays. “The state debt supply will add to the bearishness, as there was heavy selloff in late trades on Friday because of the sudden and unexpected fall in the currency. Still, we may not see…
Published Date: 2024-03-26
Source: Market Screener
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