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MARKET EYE-Indian 10-yr bond yld hits 16-1/2 mth low on rate cut hopes
December 8, 2014 / 6:58 AM / 3 years ago

MARKET EYE-Indian 10-yr bond yld hits 16-1/2 mth low on rate cut hopes

** India’s benchmark 10-year bond yield down 3 bps at 7.91 pct, a level last seen on July 15, 2013

** The 10-year yield had closed at 7.94 pct on Friday

** Continued hopes for rate cut in early 2015 drive down yield

** Absence of weekly bond auction aids gains

** Mild profit-taking likely at current level-traders

** Govt to release Nov retail inflation on Friday

** 10-year bond yield seen in 7.90-7.95 pct band until close (Reuters Messaging: neha.dasgupta.thomsonreuters.com@reuters.net)

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