Indian government bonds remained flat as demand weakened due to fiscal concerns surrounding a proposed tax overhaul. Traders are cautious, awaiting the weekly bond auction where 360 billion rupees worth of bonds will be sold. The market is also anticipating Q1 GDP data to assess the central bank’s rate-easing path, while the RBI acknowledges growth risks from trade tensions.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets