Demand for higher yield trips another bond sale
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The benchmark yielded 6.14 percent Thursday versus 6.03 percent a day earlier. The central bank was aiming to borrow Rs 31,000 crore through a primary auction against which it ended up raising a little more than Rs 6,000 crore.
The benchmark yield surged 11 basis points Thursday, mimicking the recent hardening of rates in the US.
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