India's 10-year bond yield highest since late-2014, rupee at record low

MUMBAI - India's 10-year bond yield rose to its highest since late-2014 on Monday as worries of higher crude prices and weakening rupee bolstered inflation concerns.

The 10-year benchmark bond yield rose to 8.12 percent, its highest since Nov. 28, 2014, while therupee touched a record low of 72.32 to the dollar on Monday.

Dealers said the Reserve Bank of India was mildly selling dollars in the forex market unlike on Friday.

The 10-year paper ended at 8.03 percent on Friday and the rupee at 71.73 to the dollar.