Profit

Bond auction cancellation a positive move: BoA-ML

PUBLISHED ON: February 20, 2013 | Duration: 6 min, 10 sec

  
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In conversation with NDTV, Jayesh Mehta, country treasurer at Bank of America-Merrill Lynch, says that the cancellation of auction of bonds worth Rs 12,000 crore by the government was a positive move. He expects bond markets to react positively with a gain of 2-3 basis points.
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