Mumbai, Dec. 22 -- Yield on the India government securities is rising after the 25-basis points interest rate cut by the Reserve Bank of India (RBI) in the December monetary policy. The 6.48 GS2035 yield zoomed near 6.65% mark today - hitting highest in around nine-month as markets factored in the end of rate cut cycle. investors remained cautious about building long positions ahead of the quarter-end while sustained supplies of debt securities that weighed on the prices and in turn pushed up the yields.

Published by HT Digital Content Services with permission from Capital Market....