29 September 2012

Economy: Postponing the inevitable :: Kotak Sec,


Economy: Postponing the inevitable
` No escaping fiscal slippages
` Borrowing calendar gives space for the market to absorb more
` Greater reliance on T-Bills may lower long-term yields
` 10-year yield likely to be 8.10-8.12%; OMOs can be pushed back until
December


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Kotak report link:
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily28092012dj.pdf

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