India's govt debt trading bands widened for day-fixed income association

Last Updated: Wed, Jun 26, 2013 11:01 hrs

MUMBAI, June 26 (Reuters) - India's fixed income association has relaxed trading bands for government bonds for Wednesday's session after some of the debt hit their upper yield circuits, dealers said.

The web site of the Fixed Income Money Market and Derivatives Association of India said the range of trading bands has been doubled to 30, 20, and 15 basis points. Trading ranges depend on bond maturities.

(Reporting by Mumbai Treasury Team)

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