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

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