The 10-year bond yield was trading at 6.674% compared to its previous close of 6.669%. Bond yields and prices move in opposite directions. Photo: APMumbai: The Indian rupee on Wednesday pared gains after public sector banks bought dollars on behalf of the Reserve Bank of India (RBI), traders said. At 2.10pm, the rupee was trading at 64.09 a dollar, down 0.01% from its Tuesday’s close of 64.08. The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.945, down 0.16% from its previous close of 98.105.

Source: Mint May 17, 2017 03:52 UTC