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MARKET EYE-Indian bonds may gain; set for worst year since 2009
December 31, 2013 / 3:07 AM / 4 years ago

MARKET EYE-Indian bonds may gain; set for worst year since 2009

* Indian government bonds likely higher, tracking a fall in
crude prices and a likely positive INR open. The benchmark
10-year bond yield ended down 10 basis points at
8.86 percent on Monday.
* However, gains may be capped on profit-taking after a sharp
rally in the previous session.
* Benchmark yield is on course to rise over 80 bps in 2013, the
worst performance for bonds since 2009.
* Reserve Bank of India Governor Raghuram Rajan said the
challenge of containing inflation is limiting the central bank's
ability to boost economic growth, while urging the government to
continue with fiscal consolidation to support the economy.
* RBI to sell 150 billion rupees of bonds on Jan. 3.


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