Indian bond logs biggest weekly fall in 4 months

MUMBAI, Dec 12 (Reuters): India's benchmark government bond posted its biggest weekly fall in nearly four months, as traders trimmed positions amid supply worries and declining prospects of further interest rate cuts by the Reserve Bank of India.

The benchmark 10-year yield settled at 6.5931% after ending at 6.5832% on Thursday. It rose 10 basis points this week, its biggest jump since the week ended August 18.

The benchmark bond tanked this week, even after the RBI cut rates by 25 bps last Friday.