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."
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