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Rupee, bonds gain on U.S. jobs data

Source : REUTERS
Last Updated: Wed, Oct 23, 2013 04:12 hrs
​Rupee

The rupee gained on Wednesday, tracking a weakness in the dollar after soft U.S. jobs data led to hopes that the Federal Reserve would not start tapering monetary stimulus until 2014.

The partially convertible currency was trading at 61.12/14 to a dollar versus Tuesday's close at 61.655/665, snapping three sessions of losses.

The benchmark 10-year bond yield was 6 basis points lower at 8.55 percent.

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