The Indian rupee strengthened to hit a two-month high against the US dollar as foreign investors continued to buy in local equities. The local unit climbed 14 paise to 70.42/$ in the opening deals on Monday.
The yield on the 10-year Indian government bond was at 6.717%, compared with its previous close of 6.735%.
Traders are awaiting the fiscal second-half borrowing plans due to be released on Monday.
The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 99.172, up 0.06%, from its previous close of 99.109.
On Friday, the domestic unit spurted by 32 paise to close at a nearly two-month high as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen.
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