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Bond yields rise on rupee weakness

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Reuters
Last Updated : Dec 04 2013 | 9:50 AM IST

Reuters Market Eye - Government bond yields rise, tracking weakness in the rupee, say dealers.

The benchmark 10-year bond yield trading 3 basis points higher at 9.10 percent, while the soon-to-be-benchmark new 10-year bond yield was up 2 basis points at 8.78 percent.

Traders say potential selling ahead of Friday auction to keep gains in check.

India to sell 150 billion rupees of bonds on Friday, including 70 billion rupees of the new 10-year paper.

(Reporting by Subhadip Sircar)

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First Published: Dec 04 2013 | 9:36 AM IST

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