Indian rupee touches 3-week high, bond yields drop tracking global crude

October 25, 2018 / in.investing.com / Article Link

MUMBAI, Oct 24 (Reuters) - The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment. O/R

The partially convertible rupee INR=D2 was trading at 73.22/23 per dollar at 0340 GMT, compared with its previous close of 73.5750 and after earlier touching 73.10 in opening deals, its highest since Oct. 3.

The benchmark 10-year bond yield IN071728G=CC was down 4 basis points at 7.85 percent, while the broader NSE share index .NSEI was up 1.3 percent in pre-open trade.

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