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India's fixed income body sets higher levels for Dec-end bond yields

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - India's fixed income trade body set yields for government bonds at levels higher than the actual closing levels for the quarter from October to December, a top official of the market association told Reuters on Thursday. FIMMDA sets the final closing levels for all the country's bonds at the end of the quarter, typically at the exact closing price for the quarter, which becomes the benchmark all lenders and financial institutions must use when valuing their portfolio holdings. But DVSSV Prasad, the chief executive of the Fixed Income Money Market ...

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First Published: Thu, January 11 2018. 16:51 IST