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The rupee ended a tad stronger at 61.18 against the dollar on Thursday, a day after consumer inflation showed a declining trend.
The Indian unit opened at 60.98 and then appreciated to 60.91. Subsequently, it fell below the 61-mark as, according to dealers, there was a “slight demand” for the American currency from oil importers.
Abhishek Goenka, Founder and CEO, India Forex Advisors, said “Yesterday’s factory output and CPI data were encouraging leading to gains in the rupee during initial hours.
“But the gains were short lived as negative stock markets and dollar demand made the rupee depreciate against the US dollar. Today’s US retail sales and unemployment claims data will be key data for the forex markets.”
Call, G-Sec The inter-bank call money rate, the rate at which banks borrow money from each other to overcome short-term liquidity mismatches, ended lower at 7 per cent against the previous close of 8.10 per cent.
The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to ₹100.58 from the previous close of ₹100.71, while its yield hardened to 8.73 per cent from 8.71 per cent.
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