Indian yields rise as rupee drops

Note: This section contains information in English only.
Source: Bloomberg

Indian bond prices dropped, sending yields to the highest level in six weeks amid speculations that the weaker Rupee will limit central bank's ability to cut rates further, which now stand at 7.25%. The currency decreased 0.2% as investors bought the U.S. Dollar after data indicated positive outlook for the economy. The yield increased 0.23 percentage points so far this month.

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Wed, 26 Jun 2013 07:35:08 GMT

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