(Bloomberg) -- India's 10-year bonds gained the most
in three months, sending yields to the lowest in 5 1/2 months,
after the central bank cut debt sales aimed at draining spare
cash from the banking system this week.
The yield on the benchmark 7.49 percent note due April 2017
fell 10 basis points, or 0.1 percentage point, to 7.72 percent as
of 9:35 a.m. in Mumbai, according to the central bank's trading
system. The price rose 0.64, or 64 paise per 100 rupee face value,
to 98.45.
Read more at Bloomberg Bonds News
in three months, sending yields to the lowest in 5 1/2 months,
after the central bank cut debt sales aimed at draining spare
cash from the banking system this week.
The yield on the benchmark 7.49 percent note due April 2017
fell 10 basis points, or 0.1 percentage point, to 7.72 percent as
of 9:35 a.m. in Mumbai, according to the central bank's trading
system. The price rose 0.64, or 64 paise per 100 rupee face value,
to 98.45.
Read more at Bloomberg Bonds News
1 comment:
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