Forex

Rupee ends flat at 60.14

Our Bureau Mumbai | Updated on March 12, 2018 Published on June 26, 2014

rupee

The rupee ended flat at 60.14 against the dollar amid capital inflows and dollar demand from importers. The domestic unit opened higher at 60.10 compared to the previous close of 60.14 to a dollar on foreign inflows into the domestic markets.

However, it declined to 60.19 as demand for the American currency weighed on the rupee. Dollar inflows prevented the unit from sliding further even as Sensex closed weaker by 251 points (1 per cent) at 25,063 points. Brent crude also dropped under $114 a barrel and Asian currencies rose against the dollar on Thursday.

Call rates drop, bond yields climb

The inter-bank call rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, closed lower at 7.10 per cent from the previous close of 8 per cent. The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, declined to ₹100.60 from Wednesday’s close of ₹100.80, while the yield hardened to 8.73 per cent (previous close was 8.70 per cent).

Published on June 26, 2014

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