The 10-year bond yield stood at 7.637%, down 9 basis points, from its previous close of 7.728%. Photo: HTMumbai: The Indian rupee on Monday weakened past 67-mark to hit a 15-month low against US dollar after foreign investors continued to liquidate its holdings in local equity and debt market. At 2pm, the home currency was trading at 67.12 against US dollar, down 0.37% from its previous close of 66.87. The 10-year bond yield stood at 7.637%, down 9 basis points, from its previous close of 7.728%. The move will bring some relief to the bond market which is reeling under the pressure of rising yields despite a slew of regulatory measures.

Source: Mint May 07, 2018 03:56 UTC