November 20, 2014 / 8:23 AM / 3 years ago

MARKET EYE-Indian bond yields off highs on rate-cut hopes

* The benchmark 10-year bond yield retreats from
the session high of 8.18 pct.
* Now steady at its previous close of 8.16 pct.
* Yield fall comes after Bloomberg quotes RBI adviser as calling
for a rate cut.
* "I have been arguing since September that CPI inflation is
firmly on a downtrend. The time for easing monetary policy has
arrived," Arvind Virmani is quoted as saying by Bloomberg.
* Traders say the trend for bonds is bullish.
* RBI's next policy review is on Dec. 2 but majority of the
traders expect any cut in February. 
* 10-year paper seen in an 8.10 to 8.25 percent range until
policy.

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

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