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India:  Bond Wrap

INDIA
  • RBI yesterday remained on hold yesterday with voting members unchanged.
  • Governor clearly indicating the focus going forward remains on domestic and international data.
  • Recently announced curbs on foreign ownership of India bonds played down by the central bank
  • Bond yield movements were limited on a day of low trading volumes.
  • Next week’s data releases: CPI, Industrial Production and Trade Data.

2yr 6.703% 5yr 6.804% 10yr 6.885% 30yr 7.029%

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