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Bond rally may stretch further: HSBC

PUBLISHED ON: January 8, 2013 | Duration: 14 min, 14 sec

  
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Bond markets have rallied considerably over the past 8-10 days, but Hitendra Dave, MD and head-global markets, India, HSBC, says the rally could stretch further and yields may ease to 7.65 per cent levels if fiscal and monetary conditions are supportive. He adds that the rupee may remain range-bound, and expects the currency to move in the 2 per cent band around 55/$ mark.
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