Mumbai, Jan. 2 -- Yield on the India government securities eased a bit, coming off highest in around nine-month. India's fiscal deficit for April to November, or the first eight months of this fiscal year, was at Rs 9.76 lakh crore, equivalent to 62.3% of annual estimates, widening from the previous year's 52.5%. Total receipts stood at Rs 19 lakh crore, while overall expenditure in April to November was at Rs 29.25 lakh crore. They were 55.7% and 57.8% of this fiscal year's budget target. This is offering a fairly mixed assessment for the market and the overall focus is on the fresh debt supply. The 10-year benchmark yield is currently 6.61%.

Published by HT Digital Content Services with permission from Capital Market....