Last financial year was a great one for rupee and bonds

Movement in rupee happened in the last one month of FY17, particularly after the BJP's victory in UP

At the end of the financial year 2016-17, rupee stood at 64.85 a dollar and the yields of the 10-year government bond at 6.68 per cent, both rallying  considerably higher than their year’s start.
 
The rupee had started the last fiscal year at 66.21 a dollar and the bond yields were at 7.47 per cent. As bond yields fall, prices of bonds rise. For every one basis point movement, bond prices generally move by about 6-7 paise.
 
Meanwhile, credit growth in the system continued to remain tepid due to lending aversion by the lenders on bad debt concerns