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India bond traders eye RBI OMO, fresh debt supply before budget test

Indian government bonds are set to open nearly flat on Thursday after staging a mini recovery a day earlier, as market focus remains on the central bank’s bond purchase later in the day and New Delhi’s debt sale on Friday. The benchmark 10-year 6.48% 2035 bond yield is likely to be in the 6.68%-6.72% range, according to a private bank trader. [...]