The Indian rupee slipped in early morning deals against the US Dollar breaching the 70/$ mark. The local currency is currently trading lower by 44 paise at 70.03/$.
The 10-year bond yield stood at 7.649%, from its Friday’s close of 7.607%.
On the international front, the dollar weakened across the board on Monday as investor demand for riskier assets rose following the US-China truce.
On the domestic front, India's economic growth slowed sharply in the July to September quarter and the expansion was slower than expected, due to weaker farm output and private consumption. Gross domestic product grew 7.1% yoy after an 8.2% expansion in the three months to June, as per Central Statistics Office.
RBI's reference rate for the dollar stood at Rs69.65, while for the euro, it was at Rs79.35. Further, its reference rate for the yen stood at Rs61.43, while that for the British pound sterling, it was at Rs89.08.
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