India has no plans to sell 10-year bond

India has no plans to sell 10-year. (SUPPLIED)

India has no plans now to issue a new 10-year bond that would replace the benchmark 6.35 per cent note, a finance ministry official with direct knowledge of the matter said.

Ten-year bond yields may rise as the government starts its annual borrowing programme this week, though their level may be capped at eight per cent, the official, who did not want to be named, said in an interview in New Delhi. Record debt sales won't add pressure on the bond market as auctions will be "spread across" 12 months starting April 1, the official said.

 

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