By Bhakti Tambe

MUMBAI, Sept 23 (Reuters) - Indian government bond

yields ended flat on Monday as traders awaited fresh domestic

cues, especially New Delhi's borrowing plan for the second half

of the current fiscal year.

The benchmark 10-year yield ended at 6.7682%,

compared to its previous close of 6.7626%.

"As the markets had already priced in Fed rate cuts, yields

remained rangebound after the rate cut," said Puneet Pal, fixed

income head at PGIM India Mutual Fund.

"Indian bonds remain attractive on the back of strong and

stable underlying macro-economic variables with favourable

demand-supply dynamics at play."

India is likely to announce its borrowing calendar for

October-March this week, with a debt sale on Friday worth 340

billion rupees ($4.07 billion), the last debt for the first half

of the fiscal year.

New Delhi aims to raise 14.01 trillion rupees via the sale

of bonds this financial year, and would have completed raising

7.40 trillion rupees by the end of this quarter.

Meanwhile, the 10-year U.S. yield stayed above the 3.70%

mark, while the spread with two-year bond yield rose to its

widest in 27 months on Friday, after Federal Reserve Governor

Christopher Waller and Philadelphia Fed President Patrick Harker

said the path of the economy justified the 50-basis-point rate

cut.

The Fed has projected rates would fall by another 50 bps in

2024 and 100 bps in 2025, according to the updated dot plot, but

the futures market expects cuts of 75 bps in 2024, with a

toss-up between a 25 or 50 bps cut in November.

The next U.S. central bank action would be data-dependent,

so market participants will look out for jobless claims and

personal consumption expenditure price index reports, due later

this week, for further cues on the Fed's policy trajectory.

($1 = 83.5060 Indian rupees)