Markets

Indian bond yields seen up on supply worries

Published January 2, 2012 Updated January 2, 2012 04:21am

The net additional borrowing, including through short-dated securities, is more than the market expected, traders said.

The 10-year benchmark bond yield could open around 8.61 percent and climb to as much as 8.65 percent, they said. On Friday, it closed at 8.56 percent.

Traders said the RBI is likely to conduct more open market operations, which would keep a lid on yields.

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