After breaching the 62-mark in early trade, the rupee on Tuesday rebounded and ended with a gain of 8 paise at 61.86 against the greenback on account of suspected RBI intervention through state-owned banks. Despite a sharp sell-off in local stocks and lower dollar value ahead of key US economic data release, the Indian rupee showed strength, traders said, adding that strong capital inflows to equity and debt markets also provided support. The rupee had lost 18 paise to close at 61.94 yesterday, marking its first loss in three sessions.

Bonds end mixed, call rates dip

Government bonds ended mixed on Tuesday on alternate bouts of buying and selling. The overnight call money rate ended lower due to lack of demand from borrowing banks amid ample liquidity in the banking system. The 8.40 per cent 10-year benchmark bond maturing in 2024 rose to ₹101.57 from ₹101.55 previously, while its yield ruled stable at 8.16 per cent. The overnight call money rates ended lower at 7.70 per cent from yesterday’s close of 8.60 per cent. It moved in wide range of 8.10 per cent and 7.65 per cent.

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