Business & Finance

India bonds recover losses on govt steps to help rupee

Published August 6, 2013 Updated August 6, 2013 12:31pm

1 min

By Muhammad Iqbal

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MUMBAI: India's benchmark bond recovered all losses to trade higher on Tuesday on hopes the government would soon take more steps to reduce the current account deficit and help the rupee recover from its record lows.

The 10-year bond yield was down 1 basis point at 8.19 percent, after rising to as high as 8.30 percent in early session.

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