MUMBAI (Reuters) - Indian bond and currency markets are closed for a second consecutive session on Monday because of a local holiday. Trading will resume on Tuesday.
On Thursday, the benchmark 10-year bond yield closed at 8.71 percent, its lowest level since July 28 and down 5 bps on the day. The yield dropped 14 bps on the week, its biggest weekly drop since the week to May 23.
The partially convertible rupee closed at 60.76/77 per dollar, compared with Wednesday's close of 61.08/09, to post its biggest daily gain since May 16.
(Reporting by Mumbai markets team)
