Bond yield may touch 7.60% over next month: Nomura India

Vivek Rajpal, rates strategist, Nomura India says the benchmark 10-year bond yield could drop to 7.60 percent over the next month due to possible open market operations by the central bank.

There is likely to be additional OMO of Rs 30000 crore this fiscal, he adds, in an interview to CNBC TV-18.

While government spends will determine the number of additional OMOs, Rajpal expects the yield to remain in the 7.60 to 7.75 range.Watch video for more...