1045 GMT [Dow Jones] India government bonds are trading higher as the
market positions itself for a weaker gross domestic product print on
Friday, says a dealer with a privately-run bank. The benchmark 8.15%
2022 bond is at 99.78 vs 99.60 at Friday's close. "The market has no
other cues to trade apart from the growth data. It is betting on
monetary easing following a weak growth even as inflation remains high
and there is no movement on economic reforms," he says. He tips the
10-year note to stay in a 99.50-99.80 band for the rest of the
session. (nupur.acharya@dowjones.com)
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(END) Dow Jones Newswires
August 27, 2012 06:45 ET (10:45 GMT)
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