The yield on the newly issued 10-year bond has risen by 6 basis points since its issuance
The yield on the benchmark Indian 10-year note ended at 7.1779%, after closing at 7.1794% in the previous session
Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis
Corporate bonds have also benefited from flows into government debt as the former is largely priced off sovereign notes
Indian bonds have seen foreign inflows of nearly $10 billion over the last six months
Rating agency ICRA has assigned an "AA+" rating to the AT1 bonds of PNB
Traders reportedly adjusted positions in anticipation of an increase in state govt securities supply on Tuesday
Investments into index-eligible Fully Accessible Route bonds have risen by Rs 81,218 crore ($9.8 billion) since the announcement in September, data from the Clearing Corp. of India show
With JPMorgan Chase & Co. set to add India to its global bond indexes from June, the previously insular debt market is facing global attention
Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand
Hindenburg levied accusations of fraud and stock manipulation in a report in early 2023
The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects
For bulls who powered the massive rally, the tactical trade at the moment is to move into the bonds, whose appeal has been further burnished by the nation's improving finances
Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature
India's benchmark 10-year yield was at 7.0808% as of 10:00 a.m. IST, following its previous close of 7.0789%
Bonds also got a boost from a reduction in the government's fiscal deficit target to 5.1 per cent of gross domestic product versus an estimate of 5.3 per cent in the survey
The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion
Market participants said that if the government refrains from spending, the central bank might resort to other measures to infuse liquidity apart from variable rate repo auctions
They added that the recommendation was currently under review with the NFRA, a regulator that oversees auditing, which will submit its views to a panel of top regulators
India's trillion-dollar sovereign bond market is gearing up for a rush of foreign money in the run-up to inclusion in JPMorgan Chase & Co.'s emerging markets bond index in June