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MARKET EYE-Indian bond yields edge down on bargain buying; seen ranged
October 1, 2014 / 4:18 AM / 3 years ago

MARKET EYE-Indian bond yields edge down on bargain buying; seen ranged

* India's benchmark 10-year bond yield down 3
basis points at 8.48 percent.
* Some bargain buying seen after yield rose to 8.52 percent, its
highest level since Sept. 11, on Tuesday.
* Traders say 10-year paper will hold in a 8.45 to 8.55 percent
range in the near-term in the absence of any fresh triggers.
* Monetary policy in line with market expectations, and traders
to now watch global factors, rupee moves for direction.
* Brent crude edges above $95 a barrel but well below $100,
keeping sentiment for local bonds positive. 
* Rupee trading weaker on day but off 7-month low hit early.

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

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