Indian Rupee Falls Most in a Week as Fed Rate Bets Boost Dollar

India’s rupee fell the most in a week and government bonds declined on speculation an improving U.S. economy will prompt the Federal Reserve to bring forward its timetable for increasing interest rates.

The rupee fell 0.3 percent to 60.4525 per dollar in Mumbai. That’s the biggest drop since Sept. 2. The yield on the 8.4 percent sovereign notes due July 2024 rose one basis point, or 0.01 percentage point, to 8.51 percent, according to the central bank’s trading system.