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Jun 26, 2012, 02.08 PM IST
Bond markets are expected to trade in a range, says Sandeep Bagla, ICICI Securities.
Sandeep Bagla, ICICI Securities said that, "Bond markets are expected to trade in a range. While the increase in FII limits for G-Secs is positive in the medium-term, there is little impact likely in the short-term as the existing limits have not been fully utilised. Expectations of an OMO purchase announcement today by RBI will support bonds. The range for the new 10-yr yield is seen between 8.08-8.12%."
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