The rupee dropped a tad lower to close at 55.30 against the dollar.

The domestic unit had opened stronger at 55.17, tracking strong Asian markets.

The rupee was not deterred by the factory output data which slumped 1.8 per cent in June. After the data was released the rupee continued to trade higher in the 55.15 to 55.20 range for much of the trading session.

Intraday, the rupee traded between high and low of 55.05 and 55.39, respectively.

Call rates, G-Secs

The interbank call rates closed unchanged from the previous close of 8.05 per cent.

The 8.15 government security, which matures in 2022, closed at Rs 100.06 (yield: 8.14 per cent). It had closed at Rs 100.06 (yield: 8.13 per cent).

satyanarayan.iyer@thehindu.co.in

(This article was published on August 9, 2012)
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