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Yields soar to 4-month high at first govt bond auction of FY13
The yields on the 10-year benchmark government bond touched a four-month high of 8.78 per cent on Tuesday as the Reserve Bank of India (RBI) conducted the first auction of the financial year amid tight liquidity conditions.
Of the notified Rs 18,000 crore raised by the government, Rs 1,100 crore devolved on primary dealers, the central bank said in a release.
“This is probably the impact of borrowing
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