Mumbai, Aug. 18 -- Indian government bonds are witnessing tepid moves, consolidating just under four-month highs as Prime Minister Narendra Modi's large tax overhaul is likely to trigger some worries over fiscal pressure. The centre government is set to initiate large scaled changes to the complex goods and services tax (GST) regime, which will make daily essentials and electronics cheaper from October, PM noted in his Independence Day speech. However, slippery Crude oil prices kept the debt markets somewhat under comfort and the yield on 6.33 GS 2035 bond is currently hovering around 6.46% mark.WTI Crude oil futures are currently hovering around two and half month low of $62 per barrel. The yield on benchmark bonds eased on Thursday as S...
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