Indian bonds may find support on foreign limit hike report
Reuters: Mar 12 2013, 09:07 IST
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 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.
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