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India's benchmark bond yield surges to highest in nearly 15 months

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Reuters MUMBAI

MUMBAI (Reuters) - India's benchmark 10-year bond yield rose past 8.48 percent to a 15-month high on Wednesday as the rupee continued to remain near record-low levels despite a series of steps undertaken by the government to curb the current account deficit.

The 10-year yield rose to 8.49 percent, the highest since May 30, 2012. It is up 9 basis points on the day.

(Reporting by Subhadip Sircar & Swati Bhat; Editing by Supriya Kurane)

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First Published: Aug 14 2013 | 10:40 AM IST

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