Bonds yields edge up
India is expected to post GDP growth of 5.3% in the April-June quarter, according to a median estimate in a Reuters poll of 38 economists, its slowest pace in three years.
However, traders are bracing for the prospect growth could fall below 5% percent, an outcome that could lead to increased pressure on the RBI to amend its hawkish stance. The benchmark 10-year bond yield closed up 1 basis point at 8.19%. Total volumes on the central bank's electronic trading platform were at a moderate R16,870 crore.
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