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MARKET EYE-Indian govt bonds may gain; track rupee movement
February 3, 2014 / 3:23 AM / 4 years ago

MARKET EYE-Indian govt bonds may gain; track rupee movement

* Indian government bond yields seen opening lower around
8.75/76 percent compared with the close of 8.77 percent on
Monday.
* "Yields may open lower and consolidate a bit in the afternoon.
 Range for the day is seen between 8.72-77," says a dealer.
* Traders are keeping a close track on rupee moves,
which is likely to be the main near-term trigger. 
* Also, India will release January Manufacturing PMI at 0500
GMT.
* The Indian state of Rajasthan has barred foreign direct
investment in supermarkets. 
* The United States should be more aware of how its policies
affect the rest of the world, India's central bank chief said on
Friday, a day after complaining that global monetary policy
coordination had broken down. 
* U.S. Treasuries prices rose with benchmark yields falling to
their lowest level in over two months while oil prices fell on
Friday on lingering troubles in emerging market economies.

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