January 22, 2013 / 3:07 AM / in 5 years

MARKET EYE-Indian bonds may open higher; cautious before rate meet

* India's benchmark 10-year bond yield may ease
marginally in opening trades as hike in gold import tax to add
to government revenue, help tackle current account deficit.
* The move is the latest by the government to mend its finances.
* Government has approved IKEA's 100 billion rupees India
investment proposal, another reform-positive move.
 
* Dealers say bonds will be susceptible to profit-taking at
upticks on caution ahead of the central bank policy next week.  
 
* Absence of any federal bond sale this week will support
prices.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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