India's 10-year bond yield down 10 bps on talk of weak GDP

31 May, 2012

MUMBAI: India's 10-year bond yield fell 10 basis points from its previous close on market talk that January-March economic growth would be well below 6 percent, raising hopes for further interest rate cuts.

The data is due later in the morning.

At 10:52 a.m., the 10-year bond yield was at 8.42 percent, taking its fall to 10 basis points on the day.

Copyright Reuters, 2012

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