Mohan Shenoi of Kotak Mahindra Bank said cancellation of the G-Sec auction deferred earlier in January and completion of switch of Rs 27000 crore by Government in a non-disruptive fashion will be perceived as bullish by bond market.
"The range for the 10-year yield is seen at 8.65-8.70 percent. Ahead of ECB rate setting meeting and US non farm payroll data the dollar-rupee is expected to stay in a tight range of 62.30-62.70/dollar," he added.
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