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Amid a flat trading session, the rupee edged up 5 paise to close at 60.25 against the dollar (previous close: 60.30) as banks sold the American currency on behalf of foreign investors. After opening at 60.23 per dollar it gained to 60.18 on continued dollar sales. However, oil-related dollar demand limited the gains in the rupee even as the uncertainty continues in global markets due to a stand-off between Russia and the West. Stronger Asian currencies against the dollar helped the sentiments of the rupee. The Indian currency moved 10 paise during the day in the range of 60.18 to 60.28 per dollar.
Call rates, G-Sec end flat
The inter-bank call money rate, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, ended a tad lower at 9 per cent from the previous close of 9.05 per cent. The yield on the benchmark 8.83 per cent government bond maturing in 2023 ended flat from Monday’s close of 8.69 per cent. The price on the security closed marginally higher at ₹100.86 from ₹100.84. Bond yields and prices move in opposite directions.
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