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MARKET EYE-India bond yields rise slightly; CPI hits 2-mth high
August 13, 2014 / 4:03 AM / 3 years ago

MARKET EYE-India bond yields rise slightly; CPI hits 2-mth high

* Benchmark 10-year bond yield rises 1 bp to 8.86
percent.
* The new 10-year bond yield unchanged at 8.62
percent.
* Caution sets in after CPI rises more than
expected in July, hitting a two-month high. 
* RBI's next policy review is in late September. 
* In the meantime, food prices and the progress of monsoon rains
will be closely tracked.
* Sentiment soothed as Brent crude slips below $103 a
barrel to trade near 13-month lows. 
* Liquidity also seen improving as RBI to conduct 7-day term
repo auction. 

 (gaurav.pai@thomsonreuters.com/;
gaurav.pai.thomsonreuters.com@reuters.net)

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