The rupee ended marginally weaker at 62.67 against the dollar on strong demand for the dollar from oil importers.

The Indian unit had ended weaker at 62.57 against the dollar on Thursday. Week-over-week, there was a little change in the fortunes of the rupee as it had closed at 62.68, last week.

According to the treasury head of a public sector bank, “The rupee will still track the movement of major Asian currencies. There is still some volatility.” In the bond market, yield on the benchmark 8.83 per cent government security, maturing 2023, softened a tad to 8.77 per cent against previous close of 8.82 per cent.

The price on the G-Sec rose to ₹100.37 from ₹100.03.

(This article was published on January 31, 2014)
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