10-year yield to stay in 7.41-7.51% range: Bansi Madhavani

Bansi Madhavani of India Ratings said, "The impact of Brexit will be moderately positive on account of four factors. First, global central banks especially US Fed to keep the monetary conditions easy. Secondly, slump in crude oil prices. Thirdly, in case of tepid foreign flows, RBI will have to step up its purchase of G-sec through open market operations to ensure reserve money growth and lastly low global bond yields will make Indian bonds more attractive for the existing investors.""The 10-year yield is likely to stay in range of 7.41-7.51 percent this week, "he added.