Thursday, May 17, 2007

India's Bonds Advance on Speculation Report Will Show Inflation Slowed

(Bloomberg) -- India's bonds rose on speculation a government report will show today inflation slowed to the lowest rate in almost eight months.

The yield on the benchmark 8.07 percent note due January 2017 fell 3 basis points, or 0.03 percentage point, to 8.09 percent as of 9:12 a.m. in Mumbai, according to the central bank's trading system. The price rose 0.2, or 20 paise per 100 rupee face value, to 99.85.


Read more at Bloomberg Bonds News

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