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Rupee rallies on oil window; bond yields, swap rates dip

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Reuters MUMBAI
Last Updated : Aug 29 2013 | 9:50 AM IST

MUMBAI (Reuters) - The rupee rallied sharply to sub 67 per dollar levels on Thursday after the central bank said it would supply dollars to oil companies through a separate window in its latest attempt to shore up the currency.

The partially convertible rupee was trading at 66.90/91 per dollar at 9:10 a.m., 2.8 percent stronger than its close of 68.80/81 on Wednesday, when it hit a record low of 68.85.

The benchmark 10-year bond yield also gained tracking the rupee, with the yield falling as much as 21 basis points to 8.75 percent.

(Reporting by Mumbai Markets Desk; Editing by Anand Basu)

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First Published: Aug 29 2013 | 9:30 AM IST

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