Rupee closes 2019 at 71.38 against dollar, 10-year bond yields end at 6.56%

The year 2019 ended on a good note for banks and other bond investors as the 10-year bond yields softened 86 basis points (bps) since the start, thanks to rate cuts by the Reserve Bank of India (RBI), while the rupee also exhibited some stability despite a choppy global outlook rocking on trade tensions.
 
The 10-year bond yields closed the year at 6.555 per cent, from its January 1 level of 7.418 per cent. Bond prices rise, yields fall. Rupee closed at 71.38 a dollar, from 69.44 a dollar.
 
This was also the period when yield curve inverted