Bond yields seen ranged RBI policy eyed

Indian federal bond yields are expected to be ranged early on Tuesday ahead of the central bank's interest rate review by around 11:15 a.m. (0545 GMT).

A slight majority of analysts expect the central bank to hold its key lending rate steady although a cut is expected before the end of March, a poll showed.

The central bank said on Monday the balance of risks on the growth outlook for Asia's third-largest economy had tilted towards the downside due to the global slowdown and deterioration in world financial markets.

The yield on the 10-year benchmark bond ended at 5.72 percent on Friday, off the day's high of 5.86 and below Thursday's close of 5.81 percent. Bond markets were shut on Monday for a national holiday.

http://economictimes.indiatimes.com/Markets/Bonds/Bond_yields_seen

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Bond yields seen ranged RBI policy eyed