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India bond yields flat ahead of auction, data

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By Shoaib Ur Rehman
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MUMBAI: The benchmark 2021 bond yield is flat at 8.56 percent, as caution prevails ahead of the debt auction and open market operations.

RBI to sell 150 billion rupees ($2.81 billion) in bonds, while also undertaking 120 billion rupees in bond purchases via open market operations.

Bidding at the auction seen aggressive given the joint liquidity injection.

Traders also await the notoriously volatile March industrial output data due around 0530 GMT.

Copyright Reuters, 2012

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