10-year yield seen between 7.90-8.25%: Sandeep Bagla

Increase in FDI caps could result in some rupee appreciation, which will provide temporary relief to bond markets, says Sandeep Bagla, ICICI Securities Primary Dealership.

July 17, 2013 / 08:48 IST

Sandeep Bagla, ICICI Securities Primary Dealership said, "Yields could trade higher as market braces for supply in bonds through open market sales by RBI tomorrow and primary auctions on Friday. Increase in FDI caps could result in some rupee appreciation, which will provide temporary relief to bond markets. The range for the 10-year yield is seen between 7.90-8.25 percent."

first published: Jul 17, 2013 08:48 am

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