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India bonds seen declining as oil surges, states squeeze in another mega debt sale
Indian government bonds are set to decline in the penultimate trading session of the financial year on Friday, as Brent crude climbs decisively above $100 a barrel and states pile on with another massive debt sale. The benchmark 6.48% 2035 bond yield will likely hover between 6.84% and 6.90% on Friday, a private bank trader said, after ending at 6.8750% in the previous session. Bond yields move inversely to prices. [...]