November 8, 2012 / 4:02 AM / in 5 years

MARKET EYE-Indian bonds yields flat ahead of Friday auction

* India's benchmark 10-year bond yield is
trading flat in opening trades at 8.19 percent.
* Dealers say immediate cues awaited are Friday's auction demand
and cutoffs when India will sell 130 billion rupees of bonds.
 
* Government confident about keeping fiscal deficit to 5.3
percent of GDP, but a Reuters poll shows the gap was likely to
hit 5.8 percent, forcing the government to borrow an additional
400 billion rupees via bonds as early as December.
* Dealers will also wait for industrial output and inflation
data next week, though impact may be muted as the central bank
has said any rate cut was unlikely till next year.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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