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3 years ago
MARKET EYE-Indian bond yields continue to trade lower; seen ranged
October 1, 2014 / 8:49 AM / 3 years ago

MARKET EYE-Indian bond yields continue to trade lower; seen ranged

* India's benchmark 10-year bond yield down 3
basis points at 8.48 percent.
* Traders awaiting comments from RBI Governor Raghuram Rajan,
who is scheduled to hold a call with analysts at 0900 GMT, a day
after the central bank held rates steady in line with
expectations.
* Some bargain buying seen after yield rose to 8.52 percent
intraday on Tuesday, its highest level since Sept. 11.
* Traders to watch global factors, rupee moves for direction.
* Rupee's recovery from 7-month low hit earlier during the day
also aiding bonds. 

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

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