rupee, dollar

10-year bond yield touches 8%, rupee falls to 71.18 against dollar

The 10-year bond yields touched 8 per cent for the first time since December 2014, while the rupee hit a record low at 71.18 against the dollar even as the local equities fell sharply on Monday. The bond market has started showing some fatigue on prospects of the rising supply…

rbi

RBI policy impact: 10-year gilt yield crosses 8%, rupee falls

The 10-year gilt yield briefly crossed the 8 per cent mark in morning trades, but fell back below Thursday’s close after news that Finance Minister Piyush Goyal had expressed concerns about high yields. The rise in yields pushes up costs for everyone. Banks have been increasing their lending rates even…

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