# India's 10-year yields falls for fifth straight week; rupee rises for fourth - Markets - Business Recorder

> India's benchmark 10-year bond yield fell for a fifth straight week to 5.98%, supported by a 350-billion-rupee bond purchase by the Reserve Bank of India. The rupee rose to 72.83 per dollar, its strongest close since March 30, on dollar sales by foreign banks.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47384-india-s-10-year-yields-falls-for-fifth-straight-week-rupee-rises-for-fourth
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee and easier bond conditions lower the local cost of dollar-denominated feed imports. The price impact on feed commodities is modest.

## Read by commodity

- USDINR: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40094219

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.