By Anil Varma Oct. 13 (Bloomberg) -- India's bonds gained for a seventh day, the longest winning streak in more than a month, after the central bank cut the amount of deposits banks must hold in reserve, boosting cash available to buy debt. Yields on benchmark 10-year debt fell to the lowest since March after the Reserve Bank of India reduced the so-called cash-reserve ratio of banks by 1.5 percentage points, the most since 2001, to 7.5 percent, with effect from Oct. 11. The move released 600 billion rupees ($12.5 billion) into the banking system, according to the central bank. The yield on the benchmark 8.24 percent note due April 2018 fell 5 basis points to 7.74 percent as of 9:27 a.m. in Mumbai, according to the central bank's trading system. The price rose 0.35 per 100 rupee face amount to 103.3. A basis point is 0.01 percentage point. To contact the reporter on this story: Anil Varma in Mumbai at avarma3@bloomberg.net.

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