MUMBAI, Sept 16 (Reuters) - Indian bonds dropped to a morethan two-month low and the rupee snapped a seven-day winningstreak on Monday, after global crude oil prices surged 10%following an attack on Saudi Arabia's oil facilities over theweekend.
Oil prices retreated after hitting their highest since Mayat the open, on fears over supply disruptions following theattack on Saturday that cut more than 5% of global oil supply.
The partially convertible rupee was trading at71.46/47 per dollar versus its previous close of 70.92. Therupee weakened to as much as 71.6950 in opening deals.
The benchmark 10-year bond yield was at 6.71%after hitting 6.75% earlier, its highest since July 5. It hadclosed at 6.64% on Friday.(Reporting by Swati Bhat; Editing by Subhranshu Sahu)