Reuters logo
MARKET EYE-Indian bond yields at 3-wk low; overseas investors sell
April 9, 2013 / 8:13 AM / 5 years ago

MARKET EYE-Indian bond yields at 3-wk low; overseas investors sell

* India's benchmark 10-year bond yield down 2
basis points at 7.89 percent, clinging on to the 3-week low
level last seen on March 19.
* Expectations of benign data prints on industrial production
set to be released on Friday and wholesale price inflation on
Monday have triggered buying in bonds.
* Supply of debt will also be crucial for sentiment and the
federal debt auction of 150 billion rupees on Friday will be
watched closely. 
* Foreign institutional investors continued to sell debt for a
fourth consecutive session on April 5, according to the latest
available regulatory data, bringing the four-day total to
$710.68 million.   

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below