Rupee Gains; 10-Year Yield Sheds 5bps To 7.11%

Indian rupee snapped five-day losing streak to close with 0.39% gain to 76.21 against the dollar.

The Indian currency appreciated 0.44% to 76.17 during the session.

10-Year Yield shed 5bps to close at 7.11%.

Most yields along the India sovereign yield curve fell, with 14-year bonds moving the most in Wednesday morning trading.

• The 3-year yield was little changed at 6.13%

• The 10-year yield fell 1.5bps to 7.136%

• The 30-year yield fell 2.5bps to 7.443%

Source: Bloomberg