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MARKET EYE-Indian bond yields seen firm as falling crude to support
May 30, 2013 / 3:17 AM / 4 years ago

MARKET EYE-Indian bond yields seen firm as falling crude to support

* India's old benchmark bond yield is likely to
open firm tailing a drop in global crude prices. It ended 3 bps
higher at 7.39 pct on Wednesday.
* Oil futures slid nearly 2 percent on Wednesday as U.S. equity
markets fell and investors worried about an uncertain demand
outlook for the global economy following weak growth forecasts
for China. 
* Expectations of a firm opening in rupee is also seen
supporting sentiments.
* Reserve Bank of India will sell the new series of inflation
indexed federal government bonds 2023 using uniform price
method, it said on Wednesday. 
* Dealers will watch the gross domestic product data scheduled
to be released on Friday, and are hoping weaker growth will push
the RBI to cut interest rates again next month.


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