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MARKET EYE-Indian bond yields likely lower; OMO watched
October 7, 2013 / 3:15 AM / 4 years ago

MARKET EYE-Indian bond yields likely lower; OMO watched

* Indian government bond yields seen inching lower on Monday,
cheering streamlining of the registration process for foreign
investors by the market regulator. The benchmark 10-year bond
yield closed trading at 8.61 percent on Friday.
* Dealers are waiting for the open market operations to see the
quantum of acceptance of securities.
* SEBI has approved new rules for FIIs which reduce the number
of disclosures that foreign investors need to make, and
simplified the auction system to buy into domestic bonds.
* Hopes of continued bond purchases by the RBI will also help
sentiment. RBI will buy up to 100 billion rupees of bonds via
open market operations later in the day. 
* Reiterating its stance, RBI Deputy Governor H.R. Khan said on
Friday the central bank will buy more bonds via open market
operations if needed. 


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