Indian bonds may find support on foreign limit hike report

Reuters : Tue Mar 12 2013, 09:10 hrs

Ads by Google

Top Stories

Indian federal bonds likely to be supported on report that the government may further raise foreign fund limit in government debt by $10 billion.

However, large gains are not expected as the move is not likely to be immediate, says a dealer.

The benchmark 10-year bond yield shut trading at 7.84 percent on Monday.

Immediate trigger for the market will be the January factory data with output expected to rise 1.2 percent as per a Reuters poll.

More crucial will be headline inflation on Thursday with a reading of 6.5 percent or less, cementing rate cut hopes for March 19.

Ads by Google

ALSO READ

Raghuram Rajan not in favour of sovereign bond to finance CAD

As many as 3,000 travel agents owing allegiance to TAAI have voluntarily decided to keep shutters down. (AP)

Airfares: Travel agents to keep shutters down on Tuesday

Companies expand background check on jobseekers

Market watchdog Sebi is mulling over steps it can take to check risks being posed by new-age mobile applications. (Reuters)

Sebi mulls steps to check manipulation through BlackBerry Messenger, WhatsApp

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).