India could target a gross borrowing of 14.70 trillion rupees ($169.8 billion) for FY26, ANZ says
India has budgeted to borrow 14.01 trillion rupees through sale of bonds in FY25
Bank eyes FY26 net borrowing at 11.9 trillion rupees assuming 1.2 trillion rupees from GST compensation fund will be used to repay part of maturing bonds
ANZ expects 10-year benchmark bond yield IN10YT=RR to ease towards 6.30% by end of 2025, from 6.75% currently
"FY26 bond supply risks look manageable, although a sharper growth slowdown is the key economic risk to monitor," economists Dhiraj Nim and Sanjay Mathur say
India to present FY26 budget on February 1
House expects RBI to be a net buyer of bonds due to persistent liquidity tightness
($1 = 86.5760 Indian rupees)
(Reporting by Dharamraj Dhutia)
((dharamraj.dhutia@tr.com))