The 10-year benchmark is likely to trade in a range of 7.72-7.77% today, says Ajay Manglunia, Edelweiss.
Ajay Manglunia, Edelweiss said, "The disappointment of the monsoon session ending without passage of the GST bill might overshadow the sharp decline in inflation readings. However, there is still hope of the bill passing via a special session and hence there might be a slight extension of the gains seen following the CPI inflation release. The 10-year benchmark is likely to trade in a range of 7.72-7.77% today."Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 17, 2015 08:56 am