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Oct 06, 2017 08:34 AM IST | Source: CNBC-TV18

Expect 10-year bond yield to trend towards 6.79%: Dhawal Dalal

We expect the 10-year benchmark bond yield to trend towards 6.79 percent from a technical perspective in absence of any positive development, says Dhawal Dalal of Edelweiss AMC.

Dhawal Dalal of Edelweiss AMC said, "Governemnt bond prices reacted negatively after the MPC held rates and increased inflation projections marginally."

"We expect the 10-year benchmark bond yield to trend towards 6.79 percent from a technical perspective in absence of any positive development," he added.

tags #Rupee

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