Indian bonds may find support on foreign limit hike report - Indian Express

Indian federal bonds likely to be supported on report that the government may further raise foreign fund limit in government debt by $10 billion. However, large gains are not expected as the move is not likely to be immediate, says a dealer. The benchmark 10-year bond yield shut trading at 7.84 percent on Monday. Immediate trigger for the market will be the January factory data with output expected to rise 1.2 percent as per a Reuters poll. More crucial will be headline inflation on Thursday with a reading of 6.5 percent or less, cementing rate cut hopes for March 19. Tags: Indian federal bonds, January factory data, headline inflation, markets news, Business news Previous Story Sohail Khan quoting Rs. 130 crore for Salman Khan starrer Mental? Next Story Committed to bilateral investment treaty with India, says US Reader's Comments | Post a comment via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGPSgSCZLbC1kgsT-DLKOhOIn3dZg&url=http://www.indianexpress.com/news/indian-bonds-may-find-support-on-foreign-limit-hike-report/1086804/

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