March 14, 2012 / 4:27 AM / 6 years ago

Indian bonds inch up on higher oil; inflation data key

MUMBAI, March 14 (Reuters) - Indian federal bonds
yields inched up on Wednesday as concern over higher oil prices
and rise in U.S. Treasury yields weighed on the mood.	
    * Inflation data to be released at 0630 GMT will be watched
for clues on the Reserve Bank of India's policy review on
Thursday.	
    * At 9:30 a.m. (0400 GMT), the 10-year benchmark bond yield
 was at 8.34 percent from Tuesday's close of 8.32
percent.	
    * Economists expect headline inflation growth to
accelerate to 6.79 percent in February from a year earlier,
faster than January's 6.55 percent, a Reuters poll showed on
Tuesday. 	
    * Brent crude prices hovered around the 11-month high of
$126.22 aided by the improving economic sentiment in the United
States, the world's top oil consumer. 	
    * The RBI will leave its key repo rate 
unchanged at 8.50 percent, 17 of 20 analysts polled by Reuters
on Monday said. In a January poll, 8 of 22 respondents had
forecast a cut by the end of March. 	
	
 (Reporting by Archana Narayanan; Editing by Rajesh Pandathil)

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