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MARKET EYE-Indian bond yields edge higher ahead of OMO
October 7, 2013 / 4:20 AM / 4 years ago

MARKET EYE-Indian bond yields edge higher ahead of OMO

* Indian government bond yields edge higher on Monday on mild
selling ahead of the 100 billion rupees ($1.62 billion) open
market operations (OMOs) later in the day. The benchmark 10-year
bond yield up 2 basis points at 8.63 percent.
* Dealers say large tendering seen in the 8.20 percent 2025 bond
at OMO as the other papers are not very liquid. 
* Quantum accepted at the OMO by the Reserve Bank of India will
be keenly watched for cues, dealers say. 
* Reiterating its stance, RBI Deputy Governor H.R. Khan said on
Friday the central bank would conduct more bond purchases via
OMOs if needed. 
* SEBI has approved new rules for FIIs which reduce the number
of disclosures that foreign investors need to make, and
simplified the auction system to buy into domestic bonds.
    
 
 ($1 = 61.6900 Indian rupees)

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

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