MUMBAI (Reuters) - The rupee weakened in early trades on Friday, weighed down by month-end dollar demand and cautious trade ahead of the crucial growth data set to be released later in the day.
The partially convertible rupee was trading at 67.19/21 per dollar at 9:10 a.m. (0340 GMT), weaker than its close of 66.55/56 on Thursday, after posting its biggest single-day gain since mid-January 1998.
Dealers will watch the growth data scheduled to be released post-market hours on Friday. It is likely to show the economy grew 4.7 percent in the April-June quarter, lower than its decade-low growth of 5 percent seen in the last fiscal year.
The market will also keenly watch Prime Minister Manmohan Singh's likely statement to lawmakers on the economy.
The benchmark 10-year bond yield also rose, tracking the rupee, with yield rising as much as 7 basis points to 8.84 percent.
(Reporting by Archana Narayanan; Editing by Prateek Chatterjee)
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