The 10-year government bond yield stood at 7.686%, up 8 basis points, from its previous close of 7.631%. Photo: ReutersMumbai: The Indian rupee on Friday weakened past 66-mark to hit an over thirteen-month low against the dollar, while the 10-year bond prices climbed 6 basis points as probability of rate hike increased after the central bank’s surprised hawkish minutes. This rupee declined for the fifth consecutive session, while the 10-year bond yield surged nearly 55 basis points since last two weeks to hit an over two-year high. However, the 10-year bond yield trimmed some of its gains and but managed to close higher from its previous close. The 10-year government bond yield closed at 7.686%, up 6 basis points, from its previous close of 7.63%.

Source: Mint April 20, 2018 03:45 UTC