Mumbai: The Indian rupee and bond prices gained on Wednesday after crude oil slumped amid concern about slowing global growth. At 9.15 am, the rupee traded at 68.83 a dollar, up 0.19% from its previous close of 68.94. The 10-year bond yield was at 6.803%, compared with Tuesday's close of 6.88%. Bond yield and prices are moves in opposite direction. Crude oil suffered its worst reaction in more than four years after OPEC meeting agreed to extend output cuts for nine months.

Source: Mint July 03, 2019 03:44 UTC