Free Trial

GSAP, CPI and Industrial Production On The Docket


Bonds finished the day lower on Wednesday, 10-Year yields rose around 1bps to 6.24%. Markets look ahead to what promises to be a busy session. The RBI's will conduct its next INR 250bn GSAP purchase operation today. Bonds eligible for purchase are the 5.63% 2026, 7.17% 2028, 7.26% 2029, 7.61% 2030, 7.95% 2032. The other focus today is the domestic data docket, CPI is expected to have slowed to 5.72% in July from 6.26%, back within the RBI's target band. Industrial production is also due which is expected to have slowed to 14% in June from 29.3% in May. Trade balance data could be released as soon as today.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.