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The rupee pared losses from the first session to close almost flat at 55.28 against the dollar on Friday due to uncertain global markets and a weaker euro. The dollar and Japanese yen had strengthened against other currencies.
Intra-day, the Indian unit moved in the range of 55.50 and 55.25 per dollar on the Interbank Foreign Exchange Market.
Uncertainty over monetary easing from the European Central Bank weakened the euro leading the rupee to end marginally higher from Thursday’s close of 55.30 against the dollar.
Call rates and G-Secs
The overnight call rates had closed lower at 7.90 per cent from its previous close of 8.05 per cent on Thursday. Intra-day, the call money market had traded between 7.80 and 8.10 per cent.
The 8.15 per cent government bond that matures in 2022 was closed lower at Rs 99.88 (yield: 8.16 per cent) from yesterday’s close of Rs 100.04 (yield: 8.14 per cent).
The 9.15 per cent bond maturing in 2024 ended lower at Rs 105.99 (yield: 8.35 per cent) from a close of Rs 106.04 (yield: 8.35 per cent) on Thursday.
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