Comments
The rupee was trading at 55.72 per dollar at 1.30 pm.
The domestic unit opened higher at 55.68 against the greenback on strong Asian and global markets. It hovered around 55.64 to 55.78 range amid positive equity markets.
The rupee had ended lower at 55.80 to the American currency on Thursday on the back of 7.55 per cent inflation in May and dim hopes of rate cut by the Reserve Bank of India on June 18.
Traders expect the forex market to remain range-bound as it awaits the outcome of Greece elections over the week-end and the RBI monetary policy review.
Call Rates, G-Secs
The call money rate opened higher at 8.05 per cent from the previous close of 7.95 per cent. It was trading in the range of 8.00 to 8.20 per cent.
The 9.15 per cent government bond maturing in 2024 was trading lower at Rs 105.85 from its yesterday’s close of Rs 106. The yield rose to 8.38 per cent from 8.36 per cent.
The 10-year benchmark 8.79 per cent bond maturing in 2021 fell to Rs 102.86 with the yield rising at 8.34 per cent. The bond had closed at Rs 102.96 with a yield of 8.33 per cent on Thursday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.