Forex

Rupee closes 11 paise lower at 60.19

Our Bureau Mumbai | Updated on March 12, 2018

rupee

The rupee ended 11 paise weaker on Monday at 60.19 against the dollar due to demand for the American currency from oil importers and banks. The unit had closed at 60.08 on Friday.

On Monday, it opened stronger at 60.01 per dollar driven by dollar selling by exporters and banks. However, fresh dollar demand from importers weakened the rupee to 60.26 in the afternoon trades.

Amid bouts of dollar demand and capital flows into the domestic equity market, the rupee recovered to 60.19 and moved 26 paise at the Interbank Foreign Exchange market.

BSE-benchmark Sensex ended at 25,413.78 points, higher by 314 points (1.25 per cent) over its previous close.

Call Rates and G-Secs

The inter-bank call rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, ended flat from last week’s close of 8.70 per cent on Friday.

The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, ended a tad higher at Rs 100.53 from the previous close of Rs 100.51, while the yield closed flat at 8.74 per cent.

Published on June 30, 2014

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