The rupee reversed its morning losses to end at 53.57 against the dollar as inflow of American currency helped the local unit to gain.

The rupee opened lower at 53.77. The domestic forex and debt markets were closed on Wednesday. It had closed at 53.73 against the dollar on Tuesday.

Month-end demand for dollars from oil importers did not weigh much on the rupee as the dollar inflows outweighed the domestic demand.

Call Rates and G-Secs

The overnight call money rates closed flat from its previous close of 8.10 per cent.

The 10-year benchmark 8.15 per cent government security, which matures in 2022, closed higher at Rs 100.13 (yield: 8.12 per cent) from Tuesday’s close of Rs 100.08 per cent (yield: 8.13 per cent).

Beena.parmar@thehindu.co.in

(This article was published on October 25, 2012)
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