The 10-year bond yield was trading at 6.948% compared to its previous close of 6.943%. Bond yields and prices move in opposite directions. Photo: Hindustan TimesMumbai: The Indian rupee on Monday opened higher against the US dollar tracking gains in the local equity and Asian currencies markets. At 9.15am, the rupee was trading at 64.25 a dollar, up 0.19% from its Friday’s close of 64.38. The dollar index, which measures the US currency’s strength against major currencies, was trading at 98.744, up 0.09% from its previous close of 98.648.

Source: Mint May 08, 2017 03:45 UTC