Indian bonds may be supported by a sharp slide in crude prices - Geojit Financial Services
News Box
* Bank of Canada ended its bond-buying stimulus programme and accelerated the potential timing of future interest rate hikes.
* Yield on the benchmark 30 year treasury fell by more than 10 bps as bond curves around the world flattened.
* Indian bonds may be supported by a sharp slide in crude prices which will ease some worries over inflation.
* Shorter India rates will be watched after RBI on Wednesday said it will drain liquidity for longer periods.
OUTLOOK - USDINR
The slippage to 74.8 vicinity evolved on anticipated lines, but the buying thereof has seemingly prepared USDINR for yet another go at 75.15, which will be crucial if it wants to step on to the 75.25-75.48 band again.
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