Rupee rose to as much as 71.36 against the US dollar in early trade today, reported . This was the highest level for the rupee against the dollar since September 4.
Gains the rupee came a day after the outcome of the Reserve Bank of India board meeting late Monday removed uncertainty over a growing rift over policy decisions between the government and the top bank. The rupee closed at 71.65 against the dollar on Monday. The benchmark 10-year bond yield fell to 7.76 per cent from Monday's close of 7.79 per cent.