10-year yield seen between 8-8.10%: Sandeep Bagla

The market is now expecting measures like a CRR hike and OMO (open market operations) by the RBI. In case an OMO is not announced, bonds could rally tomorrow. The range for the 10-year yield is seen between 8-8.10 percent, says Sandeep Bagla, ICICI Securities.

July 23, 2013 / 08:47 IST

Sandeep Bagla, ICICI Securities said, "Fresh curbs on import of gold and clarification that foreign bond issuance proposal is on the table could help support the rupee as well as bonds today. The market is now expecting measures like a CRR hike and OMO (open market operations) by the RBI. In case an OMO is not announced, bonds could rally tomorrow. The range for the 10-year yield is seen between 8-8.10 percent."

first published: Jul 23, 2013 08:46 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347