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Market going nervous on policy review
October 26, 2009 08:01:02The bond market is going with apprehension into the second quarter review of the annual monetary policy of the Reserve Bank of India (RBI) for 2009-10. The market, while not expecting any policy rate hikes, has taken up ten-year benchmark bond yields to close to 7.5% levels. The auction cut-off on the 6.90% 2019 bond, last week, came in at 7.48% up from 7.40% in the previous week. The bond yield had gone down to levels of 7.33% mid-week as the market started to factor in status quo on polic... 1 Comment
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One Response to “Market going nervous on policy review”
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this is good
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