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MARKET EYE-Indian bonds to await inflation data for direction
March 7, 2013 / 3:12 AM / 5 years ago

MARKET EYE-Indian bonds to await inflation data for direction

* India's benchmark 10-year bond yield is
expected to open little changed versus its previous close of
7.86 percent on Wednesday.
* Traders are awaiting the factory output data on Tuesday and
inflation data on Thursday next week for cues on the central
bank's likely policy decision on March 19.
* The 10-year bond yield is seen in a range of 7.83 to 7.93
percent until the inflation data.
* Easing cash conditions have reduced expectations of open
market operations by the central bank which is likely to limit a
sharp downside to bond yields.
* Brent crude futures eased to trade just under $111 per barrel
on Thursday as traders eyed central bank meetings and economic
data this week to give a better picture on the prospects for oil
demand in the world's top consumers. 

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

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