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Amid thin volume of trades, the rupee ended nine paise higher at 62.17 against the dollar as the currency dealers avoided taking long dollar positions ahead of the extended weekend. On Wednesday, the rupee had pared gains to close at 62.26.
Thursday, the Indian unit opened a tad weaker at 62.30 owing to the continued lag of outflows from the domestic equity market on Wednesday.
The currency market witnessed a narrow movement of 17 paise between 62.16 and 62.33 per dollar at the Interbank Foreign Exchange Market.
After crossing 30,000-mark on Wednesday and falling over 200 points at day’s close on Wednesday, the BSE-benchmark Sensex’s Thursday closing was at 29,448.95, higher by 68 points (0.23 per cent).
The domestic equity market and the currency market will remain closed on Friday on account of Holi festival.
Call and Bonds
The interbank call money rate, rate at which banks lend to each other to overcome overnight liquidity mismatches, ended at 7.50 per cent from 7.20 per cent on Wednesday. Intra-day, call money market moved in the range of 6.50 per cent and 7.50 per cent.
The 10-year benchmark 8.40 per cent government bond, maturing in 2024, weakened to Rs 104.56 from the previous close of Rs 104.70. The yield on the bond hardened to 7.70 per cent from 7.68 per cent. Bond prices and yields move in opposite directions.
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