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MARKET EYE-Indian bond yields at 3-wk low; data awaited
April 9, 2013 / 4:42 AM / 5 years ago

MARKET EYE-Indian bond yields at 3-wk low; data awaited

* India's benchmark 10-year bond yield down 2
basis points to 7.89 percent from its last close, holding ground
at a 3-week low level.
* Buying has emerged ahead of crucial consumer inflation and
industrial production data set to be released on Friday, which
will help set expectations for the upcoming policy review on May
3.
* The government will auction 150 billion rupees worth of bonds
on Friday and the papers announced were in line with
expectations, traders say. 
* Oil prices edged higher on Monday, lifted by gains in gasoline
futures and strong selling of the spread between Brent crude and
U.S. crude. 

 (archana.narayanan@thomsonreuters.com/Reuters Messaging:
archana.narayanan.thomsonreuters.com@reuters.net)

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