MUMBAI (Reuters) - Indian markets fell further on Monday, in line with Asian peers on rising concerns of a Greece default.
At 11:03 a.m., the 10-year benchmark bond yield was at a two-week high of 7.90 percent. It had closed at 7.82 percent on Friday. Volumes were thin and concerns over an impending 150 billion rupee ($2.35 billion) auction further dented sentiment.
The rupee was at 63.9050 to the dollar after falling to 63.93, its weakest since June 18 and also from the previous close of 63.64/65.
The broader Nifty fell over 2 percent led by declines in blue-chip stocks.
Bond markets will watch for the auction of unused foreign investment post market hours to gauge investor demand.
($1 = 63.9000 rupees)
(Reporting by Neha Dasgupta; Editing by Prateek Chatterjee)