Bond yields flat; government may raise FII debt limit - Economic Times

The benchmark 10-year bond yield flat at 8.19 percent after rising 1 basis point in early trade. Dealers say move to raise foreign investment limit in government bonds by $5 billion is positive, but remains to be seen whether the hike is unrestricted, or only for longer tenor debt. FII limit in government bonds is $20 billion, with half of it having no tenor restriction. A finance ministry source told Reuters the government is considering a proposal to raise FII limit by $5 billion each for government and corporate debt. Market regulator SEBI to auction about $2 billion of local bonds on Tuesday, with Barclays Capital recommending investors bid for quota. Download ET's mobile applications for iPad, iPhone, Android, BlackBerry, Nokia and Windows Phone to track news as it happens, live stock quotes, monitor portfolio, get market stats like gainers, losers and movers & much more. To check out free Economic Times apps , Click here via Business - Google News

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