India's bonds advanced on speculation slowing economic growth will prompt the RBI to cut interest rates this week. The benchmarks yield 8.79% GOI 2021 fell by 0.20 bps this week to 8.47% level from a week earlier.
The cost of one-year interest-rate swaps, or derivative contracts fall to 7.93%.
Market will get into the week where RBI to present Annual Credit policy & rate cut expectation has increased after the weaker IIP data RBI expected to slash REPO & CRR by 25 bps.
Market will keenly watch the RBI's stance on credit & deposit growth for FY13 ,GDP forecast, inflation estimation. Bond yield likely to move towards 8.25% level.
To read more, click on the below attachment
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
