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Jun 20, 2012, 08.33 AM IST
The CPI for May came in at 10.36%, raising concerns over high inflation, says Suresh Prabhu, Money Market Analyst.
Suresh Prabhu, Money Market Analyst said, "The CPI for May came in at 10.36%, raising concerns over high inflation. Meanwhile, the bond market awaits the OMO purchase by RBI, prior to the Rs 15 bn bond auction on Friday. The advance tax outflow has added to the liquidity pressure. The range for the 10-yr yield is seen between 8.10-8.15%."
Tags: Suresh Prabhu, Money Market Analyst, CPI, inflation, bond, OMO, RBI, auction, advance tax, liquidity, yield
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