×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Indian bond yields higher, debt supplies weigh

Indian bond yields higher, debt supplies weigh
Comment E-mail Print Share
First Published: Thu, Sep 11 2008. 10 09 AM IST
Updated: Thu, Sep 11 2008. 10 09 AM IST
Mumbai: Indian federal bond yields rose on Thursday, as tight cash conditions, bond auctions and cash outflows for quarterly tax payments by firms weighed on sentiment.
At 9:14 am, the 10-year benchmark bond yield was at 8.39%, higher than Wednesday’s close of 8.37%.
After selling treasury bills worth Rs90 billion on Wednesday, the central banks is scheduled to auction Rs80 billion of government bonds on Friday.
Weekly inflation is due at 6 pm, with the market expecting a decline for the third week in a row.
A Reuters poll showed annual inflation at 11.96% on August 30, below 12.34% a week earlier.
Comment E-mail Print Share
First Published: Thu, Sep 11 2008. 10 09 AM IST
More Topics: Markets | India | Money | Bonds | Inflation |