The 10-year bond yield was trading at 6.732%, compared to its previous close of 6.711%. Bond yields and prices move in opposite directions. Photo: Hindustan TimesMumbai: The Indian rupee on Wednesday strengthened past 65-mark to hit a fresh 17-month high against the US on weak dollar globally and continued inflows from foreign investors in the local equity and bond markets. The rupee opened at 65.10 a dollar and touched a high of 64.88 —a level last seen on 23 October 2015. “Continued foreign flows in domestic markets and weakness in global dollar prices helping the currency”, domestic dealer said on condition of anonymity.

Source: Mint March 29, 2017 03:53 UTC