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MARKET EYE-India bond yields may rise; lowering in HTM likely
January 10, 2013 / 3:08 AM / 5 years ago

MARKET EYE-India bond yields may rise; lowering in HTM likely

* Indian government bond yields may open higher on RBI deputy
governor Harun Rashid Khan comments about a likely lowering in
held-to-maturity debt for banks. The benchmark yield
 ended at 7.90 pct.
* The HTM limit currently stands at 25 percent, but has
traditionally been aligned with SLR holding of banks which is at
23 percent. Any such move will lead to banks holding less bonds.
 
* Railway fare hike and the likely hike in diesel prices to
offer support as government looks at mending public finances.
* Bonds to take further cues from factory data on Friday, more
crucial December inflation number on Monday ahead of rate
decision on January 29.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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