MUMBAI, Aug 1 Reuters The Indian rupee firmed to a more than threeweek high on Monday as the greenback languished on bets the U.S. Federal Reserve would scale back its pace of rate hikes as the world39;s biggest economy stares at a possible recession.

The partially convertible rupee was trading around 79.15 per dollar in early morning trade, its strongest since July 7, compared to a close of 79.25 on Friday.

India39;s 10year government bond yields were little changed at 7.2983 after dropping by 9 basis points last week to 7.3196.

Markets now look towards the Reserve Bank of India39;s monetary policy decision on Friday where a 3550 point basis point rate hike was expected.

Reporting by Anushka Trivedi; editing by Christian Schmollinger

Source Reuters