Forex

Rupee ends 10 paise higher at 62.13

| Updated on: Feb 21, 2014

The rupee ended stronger at 62.13 against the dollar as some foreign banks sold dollars. The rupee also gained in sync with other emerging market currencies.

The Indian unit had closed at 62.23 on Thursday. However, the rupee lost about 0.3 per cent during the course of the week.

Intraday, the rupee moved in the narrow range of 62.05 to 62.18. “Next week the rupee will trade between 62 and 62.35 and further movement will depend on global triggers” a chief dealer with a leading public sector bank said.

Call rates up, bond yields flat

The inter-bank call money rate, the rate at which banks borrow money from each other to meet short-term requirements, closed sharply higher at 8.25 per cent from previous close of 6.9 per cent.

Yield on the 10-year benchmark 8.83 per cent Government security, maturing in 2023, closed almost flat at 8.79 per cent. Bond prices fell to `100.20 from previous close of `100.25. Bond prices and yields move in the opposite direction

Published on February 21, 2014

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