Indian Government Bonds Dip Ahead of Large Debt Auctions and GDP Data Release

Indian government bonds declined ahead of significant debt auctions totaling around 750 billion rupees scheduled for Friday and Monday, with the 10-year benchmark 2035 bond yield rising slightly. Ultra-long bonds continued to attract demand, particularly from insurers, amid discussions about limiting their supply in the next fiscal year. Investors are also awaiting October-December GDP growth data, expected at 7.2%, which may influence Reserve Bank of India's policy stance and market direction.