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Our Bureau

MUMBAI: The domestic currency ended marginally weaker on Thursday at 46.3750/3800, against 46.3550/3650 on Wednesday.

Dealers said the currency traded in a range of 46.3250-3850 through the day. Liquidation of long dollar positions by banks and corporates was seen in the morning, which led the rupee to strengthen to 46.30.

From these levels, sustained buying of dollars was fuelled by corporates, including importers.

The forwards eased as the six-month closed at 2.35 per cent (2.55 per cent) while the 12-month ended at 2.00 per cent (2.06 per cent).

Bond prices slipped by about 15 paise from the morning levels , said dealers.

The 11-year benchmark 7.38 per cent 2015 paper opened at Rs 109.05, moved up to Rs 109.15 during the day before closing lower at Rs 108.90.

Prices opened firmer on account of floating rate bonds being issued by the Government in the auction on August 9 but slipped down on profit booking, said a dealer. Market participants are expecting the inflation number due on Friday to be about 6.70 per cent or upwards.

Call rates in the inter-bank market were about 4.25-4.30 per cent. Meanwhile, under the LAF window the RBI received and accepted 29 bids worth Rs 5,735 crore.

More Stories on : Forex | Govt Bonds

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