2/16/2009

Yields soften; traders await cues from interim Budget

The sixth interim budget presented by Pranab Mukherjee had a host of goodies for agriculture and rural development. 09 touched 17.1 per cent. Much along expected lines, bargain hunting by funds and traders fuelled a rally last week on the stock markets. Traders said they preferred to wait for the interim Budget for cues on both fiscal and monetary policies.

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