Forex

Rupee ends flat at 60.14

Satyanarayan Iyer Mumbai | Updated on June 25, 2014 Published on June 25, 2014

rupee

The rupee recouped much of its intra-day losses to end flat at 60.14 against the dollar (previous close: 60.13) on account of strong dollar inflows.



The Indian unit slumped to 60.38 in intra-day trade as oil importers demanded more dollars to meet their month end expenses for procuring the commodity. However, strong inflows presumably to fund buying of shares of Reliance Communications repatriated some losses.



During the day, the Indian currency moved in the range of 60.12 to 60.38.



Call rates and G-Secs

The interbank call rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, closed at 8.00 per cent over previous close of 8.30 per cent.

The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, closed at Rs 100.80 with a yield of 8.70 per cent (previous close: Rs 100.70, yield: 8.71 per cent).

Published on June 25, 2014
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