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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.

 (archana.narayanan@thomsonreuters.com/archana.narayanan.thomson
reuters.com@reuters.net)

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