September 14, 2018 / 4:01 AM / Updated 4 hours ago
Indian rupee, bonds rise on lower crude prices overnight, receding trade tensions
MUMBAI (Reuters) - The Indian rupee and bonds opened on a strong note on Friday, tracking a pull-back in crude oil prices overnight and receding trade tensions between the United States and China.
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, August 13, 2018. REUTERS/Francis Mascarenhas/File Photo
The rupee rose to as high as 71.65 to the dollar, its strongest since Sept. 7 before retracing partially to 71.77, compared with Wednesday’s close of 72.1950. The 10-year benchmark bond yield was at 8.11 percent in early trade, down from its previous close of 8.13 percent.
Indian markets were closed on Thursday for a holiday.
Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu
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