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MARKET EYE-Indian bond yields fall on lower oil; seen range-bound
December 8, 2014 / 3:57 AM / 3 years ago

MARKET EYE-Indian bond yields fall on lower oil; seen range-bound

** India’s benchmark 10-year bond yield down 1 bp at 7.93 pct vs 7.94 pct close

** Fall in global crude oil prices spurs buying

** Further gains seen unlikely as U.S. yields higher after robust Nov payrolls data

** Underlying momentum remains strong on early 2015 rate cut hopes at home

** 10-year bond yield seen in 7.92-7.95 pct band on Monday (Reuters Messaging: neha.dasgupta.thomsonreuters.com@reuters.net)

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