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India Money Market Outlook: Gilts, swaps seen steady before India GDP Fri

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India Money Market Outlook

Gilts, swaps seen steady before India GDP Fri

This story was originally published at 21:22 IST on February 27, 2025  Back
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On Friday, government bond prices and overnight indexed swap rates may remain steady before the release of India GDP print for Oct-Dec, along with the second advance estimate for the financial year 2024-25 (Apr-Mar), scheduled at 1600 IST, dealers said. According to a poll of 16 economists by Informist, GDP growth is expected to have risen to 6.3% in the final quarter of 2024. A sharp movement in US Treasury yields could lend cues to gilts and swaps at opening.

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