Bond yields at lowest since April 2005

Reuters
Posted: 2008-12-03 12:38:53+05:30 IST
Updated: Dec 03, 2008 at 1238 hrs IST

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Inflation dips to 10-month low of 5.91 pct Economy to grow at 7 pct: PM Oil PSU officers' strike enters second day Oil PSU officers' strike enters second day

Mumbai: Indian federal bond yields fell to their lowest since April 2005 on Wednesday as expectations of further rate cuts mounted.

At 12:15 p.m., the 10-year benchmark bond yield was at 6.78 per cent, 12 basis points below its previous close.

On Tuesday, a senior government official said law makers were likely to announce a package aimed at helping the struggling housing, export and finance sectors by early next week.

Local media reports also suggested the central bank may cut rates before the weekend.

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» inflation and interest rate

Posted by GHANSHYAM SUTHAR on 2008-12-03 17:38:42.652754+05:30
this is good written article but lack off matter.like goverement of india want to calm down inflation but other side want to sustain GDP rate of country.like if RBI will relaxe in interest rate inflation may again reach up to 12%.and if RBI will not calm down interest rate realty and banking sector will able to sustain its growth rate and may fall in big trouble.but there is come way to control inflation and sustain growth rate.like cruede is trading at 5years low at below 50$ then government can cut the fuel price .if govenment cut feul price more then 7 rs its will help to reduse tranportration price and come commodity price will come down and inflaton will come down.and govenment should try to control commodity prices.because this high inflation is not due to high liquidity but due gap between demand and supply of commodity.there for government try to feel the gap between demand and supply of commodity.

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Bond yields at lowest since April 2005

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