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The rupee on Thursday snapped its two-day rise and fell by three paise to end at 61.87 against the greenback on month-end dollar demand from importers.The rupee had fallen to 61.92 levels intra-day but positive cues from the equity market and sustained capital inflows helped it to cut losses, forex dealers said. The domestic currency resumed at 61.81 a dollar from the previous close of 61.84.
Bonds slip, call rates end lower
Government bonds on Thursday slipped on selling pressure from banks and corporates. The overnight call money rate ended lower due to poor demand from borrowing banks amid ample liquidity in the banking system.The 8.40 per cent 10-year benchmark bond maturing in 2024 fell to ₹101.65 from ₹101.68 previously, while its yield moved up to 8.15 per cent from 8.14 per cent. The overnight call money rates ended lower at 7.75 per cent from yesterday’s close of 8.05 per cent. It resumed higher 8.10 per cent and later moved in range of 8.35 per cent and 7.25 per cent.
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