MUMBAI (Reuters) - The rupee weakened in opening trade on Monday, tracking a lower rupee in the non-deliverable forward markets, while bond yields also edged up on back of the currency's fall, traders said.
Traders expect the rupee to drop further due to month-end dollar demand from importers likely later in session.
The partially convertible rupee was trading at 63.82/84 per dollar at 9:08 a.m. (0338 GMT) compared with its Friday close of 63.20/21. The one-month offshore NDF was trading at 64.60/70, sharply weaker than the onshore spot rate.
The benchmark 10-year bond yield rose as much as 4 basis points to 8.30 percent in early trade. (Reporting by Swati Bhat and Subhadip Sircar; Editing by Prateek Chatterjee)