Comments
The rupee ended marginally weaker at 61.33 per dollar against the previous close of 61.31 amid a higher closing in domestic equity market.
Indian shares rose on Tuesday to their highest close in more than a month, the benchmark BSE index rose 0.48 per cent, while the broader NSE index gained 0.45 per cent.
Suresh Nair, Director Admisi Forex said, "The Rupee depreciated against the Dollar on Tuesday as state-run banks continue to purchase Dollars for domestic oil importers. However, the Rupee fall was limited on speculation that RBI could ease policy rate if upcoming data is favourable.”
According to dealers, investors are likely to adopt a wait and watch mode ahead of the US central bank’s bond purchase decision.
The interbank call money rate, the rate at which banks borrow short term funds from one another, ended lower at 7 per against the previous close of 8.25 per cent.
The yield on 10-year benchmark 8.40 per cent government security, maturing in 2024, softened to 8.30 per cent from the previous close of 8.31 per cent. The price of the security rose to Rs. 100.58 from Rs. 100.53.
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.