Forex

Rupee ends 10 paise higher at 55.70

Our Bureau Mumbai | Updated on March 12, 2018

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The rupee resumed initial gains from the morning trade on Wednesday closing at 55.70 against the dollar on steady euro markets.

It touched a high of 55.55 and a low of 55.92 per US dollar in the intra day trade.

The local currency lost after opening slightly higher at 55.75 against the dollar on stable Euro and Asian stocks.

The rupee on Tuesday breached the key 56-level against the dollar in early trade but recovered some losses to close at 55.80 after the RBI sold some dollars.

Call Money and Bond rates

The 9.15 per cent government bond maturing in 2024 ended a tad lower today at 106.35 from the previous close of Rs 106.43. The bond yield ended flat at 8.31 per cent.

The government securities touched a high of Rs 106.58 and a low of Rs 106.26 in the day’s trade.

The benchmark 8.79 per cent bond maturing in 2021 closed almost flat at Rs 103.19. Its yield stayed at 8.29 per cent, same as yesterday.

Call rates

The call rates closed at 8.05 per cent with less volatility seen in the intra day trade. It stayed range bound between 8-8.10 per cent.



beena.parmar@thehindu.co.in

Published on June 13, 2012

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