India bonds and rupee fell on Monday after the government said the
Reserve Bank of India Deputy Governor Urjit Patel would be promoted to
Governor, a role in which he is expected to hold the line on inflation
by keeping interest rates on hold.
Patel is due to start his term on September 4 after his appointment on Saturday.
The Indian rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close of 67.07 per dollar on Friday.
The benchmark 10-year bond yield rose 4 basis points to 7.14 per cent.
Patel is due to start his term on September 4 after his appointment on Saturday.
The Indian rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close of 67.07 per dollar on Friday.
The benchmark 10-year bond yield rose 4 basis points to 7.14 per cent.
