Benchmark bond yield hits 9%, highest since Nov 2011

India's benchmark 10-year government bond yield rose to 9 percent as the rupee continued to make a series of record lows.

Last Updated: Aug 19, 2013, 12:55 PM IST

Mumbai: India's benchmark 10-year government bond yield rose to 9 percent on Monday afternoon as the rupee continued to make a series of record lows as the government's measures were seen as inadequate to halt the free-fall in the currency.

The benchmark 10-year bond yield was trading at 9 percent, up 12 basis points on the day at 12:32 p.m., its highest level since November 15, 2011.

The partially convertible rupee was trading at 62.61/62 per dollar, after hitting a record low of 62.6250.

Reuters