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Govt bonds to have no trading bands on Tuesday - trading body

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Reuters MUMBAI
Last Updated : Aug 19 2013 | 7:06 PM IST

MUMBAI (Reuters) - Government bonds will have no trading bands on Tuesday, the Fixed Income Money Markets and Derivatives Association said on its website.

Indian bond yields surged to five-year highs on Monday after the rupee hit a record low, with the benchmark 10-year bond yield surging 35 basis points on the day, to 9.23 percent.

(Reporting by Himank Sharma; Editing by Anand Basu)

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First Published: Aug 19 2013 | 6:54 PM IST

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