Comments
The rupee closed 6 paise higher at 60.08 against the dollar amid thin volumes of trading and a weaker American currency.The domestic currency had opened 2 paise higher at 60.12 against the US currency as against the previous close of 60.14.
The currency declined to 60.15 due to mild capital outflows from the equity markets after which it gained to 60.07 at the Interbank Foreign Exchange market on dollar selling by exporters.
Forex dealers said weakening of the dollar against other currencies overseas, following disappointing economic data and easing of global crude oil prices, supported the rupee. Further, mild dollar demand from oil importers limited the gains.
The 30-share BSE Sensex recovered to end a tad higher at 25,099.92 points, up by 37 points (0.15 per cent) over the previous close.
Call Rates and G-Secs
The inter-bank call rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, rose sharply higher at 8.70 per cent from the previous close of 7.10 per cent on Thursday.
The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, declined to Rs 100.51 from Thursday’s close of Rs 100.60, while the yield were a tad higher at 8.74 per cent at 8.73 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.