Forex

Rupee up 19 paise at 61.42

Our Bureau Mumbai | Updated on November 25, 2017 Published on October 07, 2014

The rupee ended 19 paise higher at 61.42 against the previous close of 61.61 on the back of dollar sales by banks and exporters.

According to dealers, bunched up dollar inflows have provided support to the domestic unit following a five-day weekend, but losses in the domestic equity market prevented further gains. The market was closed from Thursday to Monday on account of public holidays.

In intra-day trade, the domestic unit rose to a more than a one-week high of 61.30 and touched a low of 61.48.



Call rates, bond yields dip

The interbank call money rates, the rates at which banks borrow short-term money from each other, ended lower at 7.35 per cent against the previous close of 7.50 per cent. Government bond (8.40 per cent G-Sec, maturing in 2024) yields softened to 8.45 per cent against the previous close of 8.46 per cent.The price of the security rose to Rs 99.63 against the previous close of Rs. 99.46.

Published on October 07, 2014

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
null
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.