ET:Bond yield hits 1-1/2 month high on weaker rupee
The benchmark 10-year bond yield rose as much as 3 basis points to 8.85 per cent, its highest intraday level since Sept. 25, tracking a weaker rupee.
The yield last up 1 bp at 8.83 per cent.
The rupee weakened after economic affairs secretary, Arvind Mayaram, said 30-40 per cent of the state-run oil companies' dollar demand has returned to markets, TV report said on Thursday.
Selling in bonds would also be seen ahead of the 150 billion rupee ($2.43 billion) auction on Friday, which includes 70 billion rupees of the benchmark 10-year debt.
