Expectation is building up for a rate cut later this month, says Dhawal Dalal, DSP BlackRock.
Dhawal Dalal, DSP BlackRock said, "Government bond prices have remained rangebound as market participants await clarity from the FOMC and reduced volatility in Rupee. Expectation is building up for a rate cut later this month. However, events in the global markets may impact sentiment. We expect the 10-year benchmark yield to trade between 7.70-7.80% in the near term."The Great Diwali Discount!
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First Published on Sep 11, 2015 08:51 am