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MARKET EYE-Indian bond yields likely lower; easing oil prices to help
September 11, 2013 / 3:13 AM / 4 years ago

MARKET EYE-Indian bond yields likely lower; easing oil prices to help

* India's benchmark 10-year bond yield likely to
fall in early trades tracking easing oil prices as the Syrian
situation showed signs of abating. The benchmark 10-year yield
closed at 8.47 pct, down 16 bps.
* Bonds likely to closely track INR trajectory.
* Dealers will also await July factory data as well as wholesale
and CPI inflation data for August before monetary policy review
next week.
* RBI allows standalone primary dealers to increase the amount
of government bonds that can be classified under the
held-to-maturity category to 200 percent from 100 percent of net
owned funds as of end-March of the previous financial year.

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

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