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indian-rupeeMUMBAI: India's federal bond yields were little changed, as most traders stayed on the sidelines ahead of the 140-billion-rupee ($2.64 billion) debt auction and the debt buy back slated later today.

The 10-year benchmark bond yield was higher by 1 basis point at 8.34 percent.

The government will sell 140 billion rupees of debt while the Reserve Bank of India would buy back 120 billion rupees of bonds on Friday.

Copyright Reuters, 2011

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