Indian government bonds experienced a slight dip as traders await borrowing calendars. The rupee hit a record low of 88.5650, pressured by visa fee hikes and muted equity flows. The RBI urged states to spread borrowing across tenures. The second-half borrowing plan will be crucial, with states set to raise 270 billion rupees through bond sales.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets