AIRLINK 174.15 Increased By ▲ 3.58 (2.1%)
BOP 11.56 Increased By ▲ 0.38 (3.4%)
CNERGY 8.52 Increased By ▲ 0.11 (1.31%)
CPHL 99.95 Increased By ▲ 0.22 (0.22%)
FCCL 46.58 Decreased By ▼ -0.02 (-0.04%)
FFL 15.44 Increased By ▲ 0.29 (1.91%)
FLYNG 28.00 Increased By ▲ 0.45 (1.63%)
HUBC 143.30 Increased By ▲ 5.52 (4.01%)
HUMNL 12.99 Increased By ▲ 0.07 (0.54%)
KEL 4.57 Increased By ▲ 0.03 (0.66%)
KOSM 5.34 Decreased By ▼ -0.02 (-0.37%)
MLCF 62.95 Increased By ▲ 0.55 (0.88%)
OGDC 212.69 Increased By ▲ 0.53 (0.25%)
PACE 5.38 Decreased By ▼ -0.04 (-0.74%)
PAEL 47.23 Increased By ▲ 0.05 (0.11%)
PIAHCLA 18.08 Decreased By ▼ -0.40 (-2.16%)
PIBTL 10.86 Increased By ▲ 0.50 (4.83%)
POWER 12.28 Decreased By ▼ -0.05 (-0.41%)
PPL 171.20 Increased By ▲ 1.60 (0.94%)
PRL 35.75 Decreased By ▼ -0.10 (-0.28%)
PTC 23.20 Increased By ▲ 0.11 (0.48%)
SEARL 97.00 Increased By ▲ 0.74 (0.77%)
SSGC 41.40 Increased By ▲ 1.88 (4.76%)
SYM 14.02 Increased By ▲ 0.18 (1.3%)
TELE 7.15 No Change ▼ 0.00 (0%)
TPLP 10.00 Decreased By ▼ -0.03 (-0.3%)
TRG 64.06 Increased By ▲ 0.58 (0.91%)
WAVESAPP 10.02 Increased By ▲ 0.03 (0.3%)
WTL 1.33 Increased By ▲ 0.02 (1.53%)
YOUW 3.65 Decreased By ▼ -0.01 (-0.27%)
BR100 12,449 Increased By 143.8 (1.17%)
BR30 37,933 Increased By 518 (1.38%)
KSE100 116,448 Increased By 1595 (1.39%)
KSE30 35,729 Increased By 512.2 (1.45%)

MUMBAI: Indian government bond yields were flattish in early trading on Tuesday, as market participants awaited domestic and US inflation data.

The benchmark 10-year bond yield was at 6.7866%, as of 10:00 a.m. IST, compared with the previous close of 6.7874%.

India’s October consumer inflation data is due at 4:00 p.m. IST later in the day.

Economists polled by Reuters expect the print to climb to a 14-month high of 5.81% in October, primarily due to a rise in vegetable and edible oil prices.

Citi said retail inflation could rise to 6.3%, driven by food prices.

The rise in inflation, alongside recent “hawkish comments” from the Reserve Bank of India chief Shaktikanta Das, have reduced the probability of a rate cut in December, with HSBC shifting its call for a rate cut to February.

Meanwhile, US retail inflation data is due after Indian market hours on Wednesday.

India bond yields biased lower on pullback in US rates

The 10-year US Treasury yield was around 4.33% in Asian hours, with interest rate futures predicting a 65% probability of a Federal Reserve rate cut next month, down from nearly 80% a week earlier.

Five Indian states will raise 54 billion rupees ($639.87 million) via bonds later in the day, while New Delhi will sell 370 billion rupees of bonds on Thursday, which includes a new 15-year bond. Indian financial markets will be closed on Friday for a local holiday.

Comments

200 characters