India bond yields rise as inflation, stimulus weigh
* Traders expect stimulus to keep pressure on govt borrowing
* Govt to sell $1.9 bln of bonds on Friday
* Fed policy statement due 1915 GMT awaited
* Inflation seen up at 1.64 pct as on Oct. 24 - Reuters poll (Updates to close)
By Neha D'silva and Anurag Joshi
MUMBAI, Nov 4 (Reuters) - Indian federal bond yields rose on Wednesday as traders pared positions on concerns about future government borrowing after the finance minister said fiscal stimulus would be maintained.
The yield on the 10-year benchmark bond IN069019G=CC ended at 7.28 percent, above Tuesday's close of 7.22 percent. Volumes were a heavy 83.40 billion rupees ($1.8 billion) on the central bank's trading platform.
Finance Minister Pranab Mukherjee on Tuesday said India would continue with its stimulus and the government was not planning an an exit from supportive policy right now.
"What the finance minister has said on fiscal stimulus has implications on government borrowing and has made sentiment cautious," said the chief dealer of a private bank. Continued...
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