Ramanathan K of ING Investment Management feels yields are likely to follow the direction of the rupee versus the dollar. "Lack of OMO (open market operations) announcement is a disappointment. However, sharp fall in yields will be prevented by value buying, lack of auction this week and likely lower inflation."
In data today, IIP could come in at 2.5 percent, Ramanathan adds. "The range for the 10-year yield is seen between 7.25-7.35 percent."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!
