10-yr yield can rise to 9-9.25%: Tushar Poddar

Driven by hawkish RBI comments, we expect 25 bps hike in the policy meeting today, says Tushar Poddar, Goldman Sachs.

October 25, 2011 / 08:59 IST

Tushar Poddar, Goldman Sachs said, "Driven by hawkish RBI comments, we expect 25 bps hike in the policy meeting today. Govt finances are deteriorating and the fiscal deficit in FY12 may rise to 5.8% of GDP compared to the budgeted 4.6%, largely due to a slowdown in revenues. The 10-year yield can rise to 9-9.25%"

first published: Oct 25, 2011 08:53 am

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