Sandeep Bagla, ICICI Securities said, "Announcement of OMOs (open market operations) of long bonds by RBI could lead to a mild rally in select bonds. Due to heavy supply in primary auctions this week, the 10-year bond could see selling pressure at higher levels. The intraday sentiment in bonds will be guided by the movement in the rupee. The range for the 10-year yield is seen between 8.30-8.40 percent."
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