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The rupee gained 56 paise to end significantly higher at 61.18 a dollar against the previous close of 61.74 a dollar due to strong inflows in domestic equity market and dollar sales by exporters. Abhishek Goenka, Founder and CEO, India Forex Advisors, said the domestic unit recovered in today’s session taking cues from the domestic markets which cheered on the back of easing tensions in the West. Dealers said that investors will be closely tracking the inflation and the industrial production figures that are scheduled to be released tomorrow, which might impact the domestic currency.
Call rates, bond yields fall
The inter-bank call money rate ended lower at 8.25 per cent, from Friday’s close of 8.84 per cent. Yield on the 8.40 per cent 10-year government bond maturing in 2024 softened to 8.59 per cent against the previous close of 8.63 per cent. Prices inched rose to ₹98.71 from ₹98.44. Bond prices and yields move in an opposite direction.
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