Nuvama Fixed Income Advisory Report : INR Forward Curves 01-December-2025

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The G-Sec curve saw flattening with upwards movement seen across tenors. On the domestic front, GDP for Jul-Sep 25 came at 8.2% for the period vs 7.2% consensus expectation. There was further chatter of a possible trade deal this calendar year, though no formal announcement yet. IGB yields weakened post GDP on Friday and continued to trade with negative tone as 10Yr bmk (6.33 IGB 2035) closed at 6.57 levels today.

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