Yield on 10-year bond inched up to 7.47%, from its Tuesday’s close of 7.46%. Photo: AFPMumbai: Indian rupee and bond prices fell on Wednesday after crude oil extended gains to nine out of ten trading sessions, raising concerns of higher inflation and fiscal slippage. At 10.20 am, the currency was trading at 70.43 a dollar, down 0.32% from previous close of 70.20. Yield on 7.17% 2028 bond was at 7.47% from its Tuesday’s close of 7.46%. Bond yields and prices move in opposite directions.

Source: Mint January 09, 2019 03:45 UTC