The yield on India's 10-year bond on Monday surged nearly 10 basis points, marking its biggest gain in five months, after global crude oil prices rose amid supply concerns. Meanwhile, the Indian rupee weakened for the third straight session against the US dollar. The bond yield ended at 7.073%, up 10 basis points, and compared with Friday's close of 6.974%. Back home, traders will await consumer price inflation (CPI) and index of industrial (IIP) data slated for release on 12 June. The rupee weakened tracking a fall in other emerging-market currencies, and pulled down by the yuan after comments from China’s central bank governor last week signalled that Beijing may let the currency weaken.

Source: Mint June 10, 2019 12:00 UTC