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On Monday, the Indian rupee appreciated against the dollar, following the trend of other Asian currencies and minor advances in the domestic stock market.

Last week, as red-hot inflation statistics stoked concerns about more aggressive policy tightening by the U.S. Federal Reserve, the rupee sank to a historic low of 79.96 against the dollar, pulled down by broad dollar gains.

At one point, the partially convertible rupee increased to 79.73 against the dollar, up from 79.88 at Friday's close. At 0417 GMT, it was trading at 79.83.

The benchmark 10-year bond yield was 7.41% as of Monday, down from its Friday close of 7.44%.