The Indian currency declined on Monday falling to the lowest level in eight weeks together with benchmark government 10-year bonds rising to the strongest level since August after job data from the U.S. raised concerns that Fed may tapper off soon. India's Rupee dropped 1.2% to 63.25 per U.S. Dollar by 10:32 a.m. Mumbai time following a slip to the weakest level since September 18 at 63.2625.