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Auction & RBI Minutes In Focus

INDIA

Indian markets will return today to a wave of activity in the form of RBI minutes and an INR 260bn auction. Markets will look to the minutes for confirmation of the dovish bias and any further clues of bond market support. The latest RBI bulletin showed the Central Bank is focused on supporting economic growth, and will look through supply side inflationary pressures.

  • In terms of the auctions the sale will feature the benchmark 10-Year bond. The RBI will today sell INR 260bn consisting of INR 30bn 4.26% 2023 bonds, INR 140bn 6.1% 2031 bonds and INR 90bn 6.76% 2061 bonds.

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