India's 10-year bond yield highest since late-2014, rupee at record low
MUMBAI (Reuters) - India's 10-year bond yield rose to its highest since late-2014 on Monday as worries of higher crude prices and weakening rupee bolstered inflation concerns.
The 10-year benchmark bond yield rose to 8.12 percent, its highest since Nov. 28, 2014, while the rupee touched a record low of 72.32 to the dollar on Monday.
Dealers said the Reserve Bank of India was mildly selling dollars in the forex market unlike on Friday.
The 10-year paper ended at 8.03 percent on Friday and the rupee at 71.73 to the dollar.
(Reporting by Suvashree Dey Choudhury, Editing by Sherry Jacob-Phillips)
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