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Indian Bond Yields Ease; Rupee Direction Key
Indian government bond yields ease, taking cues from overnight bounce back in the US bond prices from two-year lows. Rupee movement expected to be key in trade. The benchmark 10-year bond yield down 3 bps at 7.49 per cent. The RBI plans to sell Rs 10 billion ($167.5 million) of inflation-linked bonds on Tuesday with a coupon at current market levels, and preferably not much above 2 per cent, said an official with direct knowledge of the sale.
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