Markets

Indian rupee, bonds gain on US jobs data

Published October 23, 2013 Updated October 23, 2013 05:25am

1 min

By Shoaib Ur Rehman

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MUMBAI: The Indian rupee gained on Wednesday, tracking a weakness in the dollar after soft US 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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