Comments
The rupee ended at an over one-week high of 60.10 a dollar against the previous close of 60.25, on the back of dollar sales by banks and sustained flows in the domestic equity market.
The Sensex ended at 26147.33, up 121.53 points, and the Nifty closed at 7795.75, up 27.90 points
However, dealers said oil-related dollar demand is expected to limit the gains in the rupee, even as the uncertainty continues in global market due to the stand-off between Russia and the West.
In intra-day trade, the domestic unit touched a high of 60.05 and a low of 60.19.
Call rates end flat The inter-bank call money rate, the rate at which banks borrow short-term funds from one another to tide over liquidity mismatches, ended flat at 9 per cent.
Yield on the benchmark 8.83 per cent government bond maturing in 2023 softened to 8.66 per cent against Tuesday’s close of 8.69 per cent.
Prices on the security ended higher at ₹101.14 from ₹100.86. Bond yields and prices move in opposite directions.
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.