MUMBAI, April 25 (Reuters): Indian bonds dipped after seven days of
gains on profit taking and higher crude prices. Yields are up 3 basis
points at 7.76 per cent.
Bonds have seen yields drop 17 bps in the last seven sessions supported by cooling commodity prices and hopes of a rate cut by the central bank on May 3. The Reserve Bank of India (RBI) is likely to cut interest rates next week for a third time this year, drawing comfort from a fall in inflation, a poll showed.
Bonds have seen yields drop 17 bps in the last seven sessions supported by cooling commodity prices and hopes of a rate cut by the central bank on May 3. The Reserve Bank of India (RBI) is likely to cut interest rates next week for a third time this year, drawing comfort from a fall in inflation, a poll showed.
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