Comments
Paring initial losses, the rupee closed 42 paise higher against the American currency at 60.92 on dollar selling by banks and exporters amid some weakness in the dollar.
The rupee had closed weaker at 61.34 on Thursday after the US Federal Reserve indicated that it may hike key interest rates in early 2015.
On Friday, the domestic unit opened stronger at 61.15 per dollar on a stronger opening in the equity markets. Persistent capital inflows from foreign funds boosted the rupee sentiments. The unit declined to 61.20 in the early trades but recovered to 60.92 at the Interbank Foreign Exchange market.
BSE-benchmark Sensex ended almost flat at 21,753.75 points.
Call Rates, G-Sec
The inter-bank call money rate, interest rate at which banks borrow money from each other to overcome short-term liquidity mismatches, ended a tad higher at 9.0 per cent from the previous close of 8.95 per cent.
The 8.83 per cent 10-year benchmark bond, maturing in 2023, rose to Rs 100.20 from Thursday’s close of Rs 100.05, while the yield softened to 8.79 per cent from 8.82 per cent
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.