Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction
Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September
After January's bond market turmoil, triggered by geopolitical events, large-ticket issuers have rushed to raise funds despite rising corporate bond yields due to tight liquidity and increased supply
Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply
The Indian rupee plunged against the US dollar on Friday, ending at a record low of 85.53, posting a slump of 0.3 per cent - the biggest for a single session in nearly seven months
Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
Overseas investors sold Rs 2,800 crore ($333 million) of the so-called Fully Accessible Route bonds in October, according to Clearing Corporation of India Ltd. data.
Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds
Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August
Foreign investors still hold Indian government debt worth Rs 2.47 trillion-- either through FAR securities or through derivatives such as total return swaps (TRS)
The benchmark bond yield may drop to 6.30 per cent by March end, on strong foreign inflows and rate cuts from the central bank
Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields
The benchmark 10-year yield is likely to move between 6.75 per cent and 6.78 per cent on Monday
Markets have fully priced in a rate cut of at least 25 bps at the Fed's policy decision due on Sept. 18, with expectations for a 50 bps remaining around 30%
The market is closely watching key US data and Federal Reserve's rate action as these will be directional cues
Fed Chair Jerome Powell had last week delivered his strongest signal that interest rates will come down in September
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
The benchmark 10-year yield is likely to move between 6.85 per cent and 6.88 per cent
The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down
Yields on 30-year bonds have dropped more than 40 basis points this year to 7.04 per cent on Friday