India’s Bonds May Rally Further on CPI Outlook: Trust Capital
Source: BFW (Bloomberg First Word)
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Sandeep Bagla (Trust Capital Services Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- India’s bond-market rally could continue and even gather momentum, amid an outlook for consumer prices to decline further, says Sandeep Bagla, associate director at Trust Capital Services India, in an interview.
Alert: HALISTER1- “It is expected that CPI over the next couple of readings could reach as low as 5.20%,” says Mumbai-based Bagla; says CPI’s trajectory has become more important than WPI’s
- Sees 10-year govt bond yield falling to 6.90% over next few weeks
- Related story: July CPI climbed 6.07% y/y, quicker than median est. +5.9% and above RBI’s band of 2%-6% for CPI
- NOTE: July wholesale prices rose 3.55% Y/y; est. +2.84%
Source: BFW (Bloomberg First Word)
People
Sandeep Bagla (Trust Capital Services Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283