February 3, 2014 / 9:23 AM / in 4 years

MARKET EYE-Indian bond yields flat; rupee moves in focus

* India's benchmark 10-year bond yield trading
steady at 8.77 percent with traders closely monitoring the
rupee's moves for cues.
* USD/INR trading slightly stronger with state-run banks buying
the greenback mostly for defence payments. 
* The 10-year paper is expected to hold in a 8.72-8.78 percent
range during the session.
* Bond yields had dropped further earlier, tracking a fall in
U.S. yields and as slight bullishness continued after the full
sale of 140 billion rupees of bonds at the auction on Friday.
  

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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