At 2.25pm, the rupee was trading at 64.31 a dollar, up 0.24% from its Thursday’s close of 64.46. Photo: MintMumbai: The 10-year bond yield on Monday hit a fresh fifteen-month high at 7.1% ahead of the Reserve Bank of India’s (RBI) bi-monthly policy decision this week. The 10-year bond yield was at 7.10%—a level last seen on 2 September 2016, compared to its previous close of 7.059%. Indian rupee strengthened to a fresh two and a half month high against the US dollar in mid day trading sessions. At 2.25pm, the home currency was trading at 64.31 a dollar, up 0.24% from its Thursday’s close of 64.46.

Source: Mint December 04, 2017 03:56 UTC