Indian bond yields higher; rate cut hopes belied
MUMBAI, Nov 17 (Reuters) - Indian federal bond yields rose on Monday after the central bank belied expectations of some investors and refrained from cutting rates further in a fresh series of measures over the weekend to bolster liquidity.
* At 9:25 a.m., the 10-year bond yield was at 7.50 percent, two basis points higher than Friday's close of 7.48 percent.
* On Saturday, the central bank said it was raising the limit on export credit refinance available to banks to release extra liquidity of about 220 billion rupees into the banking system. [ID:nSP373697]
* It also extended a special repurchase facility announced last month to provide liquidity for mutual funds and non-banking finance companies until March 2009. (Reporting by Anurag Joshi; Editing by Ramya Venugopal)
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