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Indian government bond yields slightly decreased, tracking the US peers’ move, after American lawmakers achieved a temporary agreement to raise the debt ceiling and avoid a debt default. However, US yields are uncertain as Congress must approve the deal. Indian bond traders are waiting for India's growth data from the previous financial year as it could give cues on Reserve Bank of India's position ahead of the monetary policy decision. Meanwhile, Indian states received INR255.5bn ($3.12bn) through bond sales, and the Indian government aims to obtain INR330bn through bonds with INR140bn of benchmark paper.
Indian government bond yields slightly decreased, tracking the US peers’ move, after American lawmakers achieved a temporary agreement to raise the debt ceiling and avoid a debt default. However, US yields are uncertain as Congress must approve the deal. Indian bond traders are waiting for India's growth data from the previous financial year as it could give cues on Reserve Bank of India's position ahead of the monetary policy decision. Meanwhile, Indian states received INR255.5bn ($3.12bn) through bond sales, and the Indian government aims to obtain INR330bn through bonds with INR140bn of benchmark paper.
Indian government bond yields slightly decreased, tracking the US peers’ move, after American lawmakers achieved a temporary agreement to raise the debt ceiling and avoid a debt default. However, US yields are uncertain as Congress must approve the deal. Indian bond traders are waiting for India's growth data from the previous financial year as it could give cues on Reserve Bank of India's position ahead of the monetary policy decision. Meanwhile, Indian states received INR255.5bn ($3.12bn) through bond sales, and the Indian government aims to obtain INR330bn through bonds with INR140bn of benchmark paper. 
