The Indian Rupee breached the 80 per Dollar mark to hit a fresh record low on Monday while bond yields rose 6 bps, tracking the fall in global equities on the back of the US Federal Reserve chairman Jerome Powell’s hawkish rhetoric at the Jackson Hole event. The local currency was trading at 80.03 against the US dollar, down 0.25% from its previous close. At the interbank foreign exchange, the rupee opened at 80.07 and touched a record low of 80.13 a dollar. The 10 year bond yield gained 6 basis points to 6.27% from its previous close of 6.21%. …
