Forex

Rupee ends stronger at 59.67

Our Bureau Mumbai | Updated on November 25, 2017

rupee

The rupee ended 40 paise stronger at 59.67 to a dollar against the previous close of 60.07 on sustained capital flows into the domestic equity market.

The Sensex ended at a record closing high of 25,841.21, up 324.86 points or 1.27 per cent, and the Nifty ended at a new closing high of 7,719.85, up 85.15 points or 1.12 per cent.

After opening a tad weak at 60.09 to a dollar against the previous close of 60.07, the rupee regained strength on robust capital inflows. In intra-day trade, the domestic unit touched a high of 59.63, and a low of 60.09.

Call money rates close at 7%

The inter-bank call money rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, ended lower at 7 per cent against the previous close of 8 per cent.

The benchmark 8.83 per cent Government security (G-Sec) which matures in 2023, rose sharply to ₹101.80 from ₹100.53, while the yield softened to 8.65 per cent from 8.73 per cent.

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Published on July 02, 2014
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