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Fresh debt supply to provide directional cue for India bonds

Indian government bonds could see a stable opening on Friday, as market ​participants await fresh debt supply through the weekly auction, even ‌as elevated oil prices continue to act as a ​drag, especially for the longer-duration notes. The yield ⁠on the benchmark 6.94% 2036 bond is expected to trade between 6.94% and 6.99%, a trader at a private bank said, after ‌closing at 6.9646% in the previous session. [...]