March 7, 2014 / 4:08 AM / 4 years ago

MARKET EYE-Indian bond yield inches up on profit-booking; rupee watched

* India's benchmark 10-year bond yield up 1 basis
point at 8.80 percent on profit-taking after bond prices rallied
in the previous session.
* Yields dropped 5 basis points on Thursday tracking gains in
the rupee. Traders will continue to monitor movements in the
rupee for direction.
* The consumer and wholesale price inflation data along with the
factory output data next week will be key for direction.
* The 10-year paper is seen in a range of 8.75 percent to 8.85
percent in the near term.

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

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