Mumbai, Sept. 30 -- Local bonds yields paused around one-month high as investor eyed the Reserve Bank of India's (RBI) monetary policy decision due a day later. The 6.33 GS 2035 bond yield quotes around 6.56% mark. Quarter end buying also capped yields on last trading session for September. The Indian government has reduced the proportion of ultra-long bonds in its fiscal second half borrowing plan. The government will raise Rs 6.77 lakh crore through market borrowings during the October to March period, somewhat lower than its previously announced schedule amid a recent pick up in yields.

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