The rupee crossed the 61-level mark on Wednesday to hit a one-month low of 61.08 on the back of strong month-end dollar demand from importers. In intra-day trade, the domestic unit touched a high of 60.87 and a low of 61.19. According to a dealer with a public sector bank, the domestic unit has weakened in line with the fall of most emerging market currencies against the dollar index. Also, the slowdown in foreign inflows into the Indian markets has weighed on the domestic unit.
Call rates fall, bond yields flat
The overnight call money rate (the rate at which banks borrow money from each other to overcome liquidity mismatches) ended lower at 7.10 per cent against the previous close of 8 per cent. The yield on the 10-year benchmark 8.83 per cent bond, maturing in 2023, remained flat from the previous close of 8.85 per cent. The price of the bond rose to ₹99.85 from ₹ 99.83. Bond yields and prices move in the opposite directions. Our Bureau