The rupee touched yet another five-month low of 61.74 against the dollar and recovered for the second consecutive day to end higher at 60.16 tracking Asian currencies which strengthened against the American currency.
The rupee opened weaker at 60.64 per dollar on capital outflows from the domestic equity markets. The BSE benchmark Sensex lowered by -260 points (1 per cent) to end at 25,329 points at day’s close.
However, likely intervention by the RBI limited the depreciation and helped the rupee rebound to 60.15 against the US dollar.
Intra-day, the rupee moved 59 paise against the American dollar.
Call rates drop, bond yields flat
The inter-bank call money rate ended higher at 8.40 per cent from Thursday’s close of 7.50 per cent.
Yield on the 8.40 per cent 10-year government bond maturing in 2024 closed flat from the previous close of 8.63 per cent. Prices inched lower at Rs 98.44 from Rs 98.45. Bond prices and yields move in opposite direction.