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The rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks by falling 32 paise to end at 63.35 against the dollar. It resumed lower at 63.17, which was also the day's high, as against Wednesday's closing level of 63.03 at the Interbank Foreign Exchange market.
It then dropped further to 63.46 per dollar before ending at 63.35 per dollar, showing a loss of 32 paise of 0.51 per cent. This is its steepest single-day drop since December 16, 2014 when it fell by 59 paise.
The 8.40 per cent 10-year benchmark bond maturing in 2024 dropped to Rs 103.4425 from Rs 103.61 previously, while its yield rose to 7.88 per cent from 7.86 per cent. The 8.60 per cent government security maturing in 2028 fell to Rs 105.41 from Rs 105.5875, while its yield moved up to 7.94 per cent from 7.92 per cent.
