The 10-year bond yield was at 7.352% compared to its previous close of 7.326%. Photo: Mint
Mumbai: The Indian rupee was trading near a five-month high against the US dollar on the first day of 2018 year on Monday.
At 2pm, the home currency was trading at 63.66 a dollar, up 0.35% from its Friday’s close of 63.87.The rupee opened at 63.86 a dollar and touched a high of 63.64 -- a level last seen on 8 August 2017.
Most of the global markets are closed due to New Year.
In the year 2017, the rupee gained 6.35% and Sensex rose 28%, while foreign institutional investors have bought $7.73 billion and $23.27 billion in equity and debt, respectively.
The 10-year bond yield was at 7.352% compared to its previous close of 7.326%. Bond yields and prices move in opposite directions.
The benchmark Sensex fell 0.11%, or 37.38 points, to 34,019.45.