The yield on India’s 10-year G-Sec rose around 6.66%, hitting its highest level in nine months, as investors weighed heavy state borrowing planned for this week. Indian states are set to raise 332.2 billion rupees through bond sales on Tuesday, nearly 25% above the previously scheduled amount, adding to concerns over supply pressures. So far this quarter, states have raised about 1.8 trillion rupees via debt sales, with yields moving higher. On the policy front, minutes from the Reserve Bank of India’s December meeting showed that India’s interest-rate panel indicated a potential slowdown in growth next year, combined with subdued inflation, could provide scope for additional rate cuts. Traders now await more liquidity injections before month-end, after the central bank injected 1.45 trillion rupees this month through debt purchases and forex swaps. Meanwhile, foreign investors have continued selling, with net outflows reaching 109 billion rupees so far this month.