Bond yields closed marginally higher after moving in a tight range on Friday as investors preferred to stay light ahead of RBI's monetary policy review, where it is widely expected to hold key rates unchanged.
Traders said they preferred to stay on the sidelines ahead of Tuesday's policy review as despite most people expecting a status quo, some hopes for a rate cut remain.
Yields had briefly retreated from the day's high after better-than-hoped auction cut-offs. The central bank sold the benchmark 10-year bond at 8.11 percent, below the polled median estimate of 8.12 percent.
The one-month overnight indexed swap rate closed at 7.85 percent, well below the repo rate of 8 percent, reflecting some rate cut expectations.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.