The Hindu Business Line : Rupee firms up; securities weak

"There was some import related as well as corporate demand for dollars. However, there was a good amount of FII inflow which aided the rupee," said a dealer at a private bank.

In the forward premia market, the 12-month closed at 0.85 per cent (0.92 per cent) and the 6-month at 0.86 per cent (0.92 per cent).

In the bond market, prices opened five paise higher on expectation of lower domestic inflation figures. However, rumours regarding an oil price hike caused a slight fall in the bond prices.

The 7.55-5 year-2010 paper opened at Rs 103.95 (6.57 per cent YTM) and closed at Rs 103.90 (6.58 per cent YTM), down from Thursday's Rs 103.95 (6.57 per cent YTM).

The 7.27-8 year-2013 paper opened at Rs 102.55 (6.85 per cent YTM) and closed at Rs 102.45 (6.87 per cent YTM). On Thursday, it had closed at Rs 102.57 (6.85 per cent YTM).

The 7.38-10 year-2015 paper was dealt at Rs 103 (6.96 per cent YTM).

Call rates opened at 4.95 per cent, but closed at 2.5 per cent (4.75-5) on account of reporting Friday.

In the three-day reverse repo auction, the RBI received and accepted 62 bids amounting to Rs 47,980 crore.

In the CBLO market, there were 252 trades for Rs 9,294.35 crore.

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