Rupee near record low; bond yields rise

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.

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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.