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Rs.14,000 Cr Bonds To Be Auctioned Today

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September 27: The rupee has been slow but stable near the 62 to the dollar mark, but the focus for dealers is the 10-year bond yield. RBI Governor Raghuram Rajan talked up bonds at Frankfurt and hinted at further rate tightening to fight inflation. Moreover, the Rs.14,000 crore of bonds being auctioned today will keep up the pressure on prices with tight liquidity in markets before the banks’ half-year close on Monday.