The rupee closed just shy of the 55 per dollar mark amid heavy demand for the American currency from oil importers and banks.

The rupee snapped its four-day winning rally on Wednesday, when it closed at 54.49. On Thursday, the domestic unit shed about 49 paise to close at 54.9775.

The rupee had opened at 54.90 on Thursday.

Intra-day, the rupee swung between a low and high of 55.2250 and 54.80, respectively.

Call Rates and G-Secs

The inter-bank call rates closed at its opening rate of 8.10 per cent. It had closed at 7.05 per cent on Wednesday.

The 9.15 per cent government security maturing in 2024 closed at Rs 105.73 (yield: 8.39 per cent) compared with a close of Rs 105.84 (yield: 8.37 per cent) on Wednesday.

The benchmark 8.79 per cent government security that matures in 2021 closed at Rs 102.85 (yield: 8.34 per cent) compared with a close of Rs 102.93 (yield: 8.32 per cent) on Wednesday.

(This article was published on July 5, 2012)
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