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New 10-year govt bonds issued at 6.97 per cent

On Friday, rupee closed at 66.83 a dollar and foreign exchange reserves stood at $366.77 billion

New 10-year govt bonds issued at 6.97 per cent

ThegovernmentonFridayauctionedanew10-yearbenchmarkbondatacut-offyieldof6.97percent.ThisisthefirsttimesinceJuly2009thatabenchmark10-yearbondhasbeenissuedatbelowsevenpercentcouponrate.  OnFriday,thelasttradingdayunderReserveBankofIndiagovernorRaghuramRajan,rupeeclosedat66.83adollarandforeignexchangereservesstoodat$366.77billion,upfrom$274.8billonwhenRajantookoveronSeptember4,2013.  ThetotalnotifiedamountwasRs8,000croreagainstwhich203bidsworthRs41,461crorewerereceivedby ...