Bloomberg News

India Bonds Fall; Government Plans to Borrow 2.2 Trillion Rupees

September 29, 2011

Sept. 29 (Bloomberg) -- India’s 10-year bonds fell, pushing yields to the highest level in almost two months, as the government said it plans to raise 2.2 trillion rupees selling debt in the six months starting Oct. 1.

The yield on the 7.8 percent note due April 2021 jumped seven basis points, or 0.07 percentage point, to 8.42 percent, the highest level since Aug. 3, according to the central bank’s trading system.

To contact the editor responsible for this story: Anil Varma at avarma3@bloomberg.net


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