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Debt auction adds fresh pain to India bonds hit by oil prices
Indian government bonds are likely to extend their decline in early deals on Friday as traders brace for a large debt auction, while oil prices remain elevated amid doubts over the durability of a ceasefire between the U.S. and Iran.The benchmark 6.48% 2035 bond yield will likely trade in the 6.95%-6.99% range until the debt auction later in the day, a private bank trader said, after ending at 6.9601% on Thursday. [...]