Moneycontrol
Apr 26, 2017 09:05 AM IST | Source: CNBC-TV18

10-year yield to test its previous peak of 6.90%: Dhawal Dalal

Expect the 10-year benchmark to trend up and test its previous peak of 6.90 percent in the near term, says Dhawal Dalal of Edelweiss Asset Management.

Dhawal Dalal of Edelweiss Asset Management said, "Government bond prices have come under pressure after the recent announcement of measures by the Reserve Bank of India (RBI) to drain surplus liquidity and devolvement in the second auction."

"Expect the 10-year benchmark to trend up and test its previous peak of 6.90 percent in the near term," he added.
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