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Our Bureau

MUMBAI: The domestic currency closed at 44.66/67 on Friday, fairly unchanged from Thursday's closing levels.

After opening the day at 44.66 the rupee slipped to an intra-day low of 44.74 on the back of some importer and corporate driven demand. Some dealers said IOC was buying dollars heavily, possibly for some import payments.

When the rupee touched 44.74, exporters started to unwind their long dollars ahead of the weekend and the rupee climbed back up to its closing levels.

In the forwards market, premia continued to be in discount, with the six-month forward ending at - 0.92 per cent (- 1.10 per cent) and the one-year forward closing at (-0.70).

Bond prices lost around 20-35 paise across maturities in a lacklustre Government securities market on Friday.

The 8.07 per cent 2017 paper opened at Rs 124.85 and got dealt to a low of Rs 124.50, while the 7.49 per cent 2017 opened at Rs 118.30 and fell to Rs 118.05/10.

Dealers said, there was not much buying interest in the market and there were some apprehensions as US bond yields were firming up, coupled by the domestic uncertainties due to the elections.

Call rates hovered at 4.25 per cent levels in the inter-bank market. In the seven-day repo under the LAF, RBI received and accepted 39 bids amounting to Rs 19,340 crore.

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