Indian bonds down
Thursday, 28 January 2010
NEW DELHI, Jan 27 (Bloomberg): India's 10-year bonds declined, with yields at the highest level in a week, as economists forecast the central bank will ask lenders to set aside more funds as reserves at a quarterly meeting this week.
The Reserve Bank of India will raise the so-called cash- reserve ratio by 50 basis points to 5.5 per cent on Jan. 29, according to the median estimate of 20 analysts surveyed by Bloomberg News.
The Reserve Bank of India will raise the so-called cash- reserve ratio by 50 basis points to 5.5 per cent on Jan. 29, according to the median estimate of 20 analysts surveyed by Bloomberg News.