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    HomeNewsBusinessMarketsRupee near record low; bond yields rise

    Rupee near record low; bond yields rise

    The partially convertible rupee was trading at 61.12/13 per dollar at 9:08 a.m., after hitting a session low of 61.16, not far from an all-time low of 61.21 hit on July 8.

    August 06, 2013 / 09:44 IST

    The Indian rupee weakened on Tuesday to within touch of a record low, pressuring bonds, but traders the prospect of central bank intervention could pull back the currency.

    Also Read: Buy Indian rupee above 61.5375; target 63: Way2Wealth

    The partially convertible rupee was trading at 61.12/13 per dollar at 9:08 a.m., after hitting a session low of 61.16, not far from an all-time low of 61.21 hit on July 8.

    Traders expect good dollar demand from importers to hurt the rupee.

    The benchmark 10-year bond yield was trading up 4 basis points at 8.24 percent.

    first published: Aug 6, 2013 09:44 am

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