India mortgage traders seek RBI lead break | Einsmark news

By Dharamraj Dhutia Mumbai, June 6 (Reuters) – The Indian government bonds were flat in early transactions on Friday, as the market already has a different rate cut from the central bank, and as traders are waiting for the comments for a break from reachable movements. The 10 -year measure return was 6,1972% from 09:30 IST, compared to Thursday’s closure of 6,1960%. The Reserve Bank of India is expected to decrease by 25 basis points for the third consecutive time this year, as subdued inflation offers ample space to focus on promoting economic growth. The announcement is at 10:00 am The RBI has reduced the rates so far in 2025 by 50 BPS and applied $ 100 billion to the banking system between December and May. “If there is only a rate cut and no other big announcement, at least we can sell strongly for the time being and not exclude the 6.25% test on the new ten -year paper,” a trader said at a private bank. While most economists expect a cut of 25 bps, the State Bank of India said that the RBI could lower rates with a large 50 BPS to start the credit cycle. Apart from rate cuts, the markets also bet on the central bank that introduces additional liquidity measures, which will support short-end effects. New -Delhi will sell bonds worth 360 billion rupees ($ 4.20 billion) later that day. The short-term rates overnight index exchange (OIS) have not yet been traded. The one-year EIA rate went 5.53% on Thursday, while the two-year-old EIA rate closed at 5.41%. The most liquid EIA of five years remained below its most important technical level after a break in the previous session and was at 5.60%. ($ 1 = 85,7950 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)