Sandeep Bagla, ICICI Securities Primary Dealership said, "While most are expecting RBI to maintain status quo today, the recent spate of reforms have reignited expectations of monetary easing. Lower fiscal deficit, an appreciating rupee and slow growth could prompt RBI to cut rates or CRR. Bond markets are likely to be volatile today. The range for the 10-year yield is seen between 8-8.25%."
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