10-year benchmark bond yield to trade in 6.40-6.45% range: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.40-6.45 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

July 13, 2017 / 08:11 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Record lows in headline CPI and softening of core inflation for June coupled with low IIP print for May have raised expectations of a cut in repo rate by Reserve Bank of India (RBI)."

"We expect the 10-year benchmark bond yield to trade in a range of 6.40-6.45 percent for the day," he added.

first published: Jul 13, 2017 08:11 am

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