Photo: AFPMumbai: The Indian rupee on Friday weakened to one-month low against the US dollar, while bond yields rose to a fresh six-month high ahead of the key inflation data due next week. Bond yields and prices move in opposite directions. The government will issue consumer price and wholesale price based inflation data for October on 13 November and 14 November respectively. According to Bloomberg analyst estimates, Consumer Price Index expected to be at 3.4% from 3.28% a month ago while Wholesale Price Index will be at 3.01% versus 2.6% a month ago. The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.494, up 0.05% from its previous close of 94.444.

Source: Mint November 10, 2017 03:56 UTC