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The rupee ended seven paise stronger at 60.29 to the dollar against the previous close of 60.37 on the back of gains in the domestic equity market. The benchmark indices Sensex and Nifty surged over 1.5 per cent led by positive global cues and encouraging performance by IT companies. According to a dealer with a public sector bank, fresh dollar selling by exporters and banks amid weak dollar overseas aided the domestic unit. In intra-day trade, the domestic unit touched a high of 60.26 and a low of 60.49. Our Bureau
Call rates, bonds
The overnight call money rate (the rate at which banks borrow money from each other to overcome short-term liquidity mismatches) opened higher at 8.1 per cent against the previous close of 7.05 per cent.
The yield on 10-year benchmark 8.83 per cent bond, maturing in 2023, hardened to 9 per cent from its previous close of 8.96 per cent. Prices fell to Rs 98.90 from Rs 99.13. Bond yields and prices move in opposite direction.
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