(Bloomberg) -- India's 10-year bonds rose for a
third day on speculation increased cash in the financial system
will encourage banks to buy more debt.
The yield on the benchmark 7.49 percent note due April 2017
fell 1 basis point, or 0.01 percentage point, to 7.83 percent as
of 9:21 a.m. in Mumbai, according to the central bank's trading
system. The price rose 0.09, or 9 paise per 100 rupee face value,
to 97.68.
Read more at Bloomberg Bonds News
third day on speculation increased cash in the financial system
will encourage banks to buy more debt.
The yield on the benchmark 7.49 percent note due April 2017
fell 1 basis point, or 0.01 percentage point, to 7.83 percent as
of 9:21 a.m. in Mumbai, according to the central bank's trading
system. The price rose 0.09, or 9 paise per 100 rupee face value,
to 97.68.
Read more at Bloomberg Bonds News
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