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Indian bonds seen opening flat with focus on oil moves, Fed decision
MUMBAI: Indian government bonds are set to open little changed on Tuesday, as Treasuries and oil prices showed no major moves, with focus remaining on the US Federal Reserve’s monetary policy decision due a day later. The 6.94% 2036 bond yield may trade between 7.46% and 7.49%, according to a trader at a primary dealership, after closing at 7.4826% in the previous session. Indian states are set to raise 233 billion rupees ($2.45 billion) by selling bonds later in the day. “We are in for another session of rangebound trading and shallow volumes, as there is hardly any change in factors,” the tr...
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