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)
© Thomson Reuters 2009 All rights reserved
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
