The rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas. Earlier, the rupee resumed lower at 61.50 a dollar as against last Friday’s close of 61.42 at the Interbank Foreign Exchange market. It then declined to 61.51 on dollar demand from banks and importers.

However, it recovered afterwards to 61.37 on selling of dollars by banks and exporters tracking heavy foreign capital inflows into the equity market. It finally settled at 61.41 a dollar, showing a marginal gain of one paisa or 0.02 per cent.

Bonds end mixed; call rate recovers

Government bonds ended mixed on alternate bouts of buying and selling, while the call money closed higher on Tuesday due to good demand from borrowing banks. The 8.40 per cent government security maturing in 2024 rose to ₹104.63 from ₹104.62 previously while its yield held steady at 7.70 per cent. The overnight call money rates ended higher at 7.80 per cent from the previous closing level of 7.75 per cent. It moved in a range of 8.15 per cent and 7.77 per cent.

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