Mohan Shenoi of Kotak Mahindra Bank expects bond market sentiment to be positive on account of favorable trade data, stable rupee and RBI's announcement yesterday regarding increased eligibility for term repo by Rs 10,000 crore.
He expects October IIP to contract by 1.6 percent and CPI to remain unchanged at 10 percent.
According to Shenoi, the range for the 10-year bond yield is seen between 8.79-8.84 percent.
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