The Indian rupee weakened to six-week low against US dollar as rising crude prices stoked inflationary and fiscal slippage concerns. In early trade, the rupee was trading at 69.78 a dollar, down 0.54% from its previous close of 69.36. The home currency opened at 69.76 a dollar and touched a low of 69.80 - a level last seen on 11 March 2019. The 10-year bond yield was trading at 7.454% - a level last seen on 27 February, from its Friday's close of 7.39%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.375, down 0.01% from its previous close of 97.378.
Source: Mint April 22, 2019 03:56 UTC