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You are here: Home»Markets»Fixed Income»Asia»India bonds fall; govt source says fiscal deficit may widen more

Indian-flag 400MUMBAI: India's benchmark 10-year bond yields rose on Thursday after a government source said the fiscal deficit could widen more than targeted for the year ending in March, potentially requiring additional market borrowing.

 

The government source said the fiscal deficit could reach 5.5 to 5.6 percent of gross domestic product in 2012/13, which could require additional market borrowing of 350-400 billion rupees.

 

The benchmark 10-year bond yield rose to as high as 8.23 percent, up 3 basis points from levels before the news. The yield was last trading at 8.22 percent compared to its 8.21 percent close on Wednesday.

Copyright Reuters, 2012


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln