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MARKET EYE-Indian bonds recover from recent losses
August 5, 2013 / 7:14 AM / 4 years ago

MARKET EYE-Indian bonds recover from recent losses

* Indian government bonds gain after three sessions of falls
with the benchmark 10-year bond yield trading 12
basis points lower at 8.16 percent. 
* Dealers say bonds will closely track rupee fortunes during the
week.
* However, heavy issuance of 790 billion rupees scheduled during
the month, the most in the fiscal first-half calendar,
potentially weighing on bond prices.
* Call rate at 8.40/8.50 percent, eases from the
emergency funding rate of 10.25 percent, which may again push
RBI to do more of cash management bill sales.
* USD/INR at 60.80/81 versus Friday close of 61.10/11.

 (archana.narayanan@thomsonreuters.com/archana.narayanan.thomson
reuters.com@reuters.net)

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