MUMBAI: Indian rupee and bond prices marginally weakened today after advancing global crude oil prices, fueling concerns about greater inflation and fiscal slippage.
The rupee traded at $69.28 at 9.05 am, down 0.17% from its prior 69.16 close. The Indian currency opened a dollar at 69.27.
The 10-year bond yield was 6,956%, compared to the closing of 6,933% on Wednesday. In the opposite direction, bond yield and prices move.
The rupee has increased by 0.88 percent against the greenback so far this year. Foreign investors purchased $11.39 billion in Indian equity and $1.27 billion in the debt market over the period.
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