MUMBAI: Indian federal bond yields are expected to rise on Friday, with an auction of bonds for 70
billion rupees ($1.7 billion) during the day and tracking US Treasuries.
India's wholesale price inflation rate is forecast at 3.89 per cent in the 12 months to August 25, its lowest in 16 months, a
Reuters poll showed. The data is due around noon.
Dealers said they were also watching US data amid concerns about a slowdown in the world's largest economy, while
a rate cut by the Federal Reserve at its September 18 meeting was likely to push down local bond yields.
The10-year bond yield ended at 7.90 per cent on Thursday, unchanged from the previous close. It has traded in a narrow 7.86-7.93 per cent band this week.
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