Comments
The rupee ended 13 paise higher at 61.50 to the dollar against the previous close of 61.63 on the back of dollar sales by banks and exporters. A note from India Forex Advisors said, “The domestic currency was seen holding its gains on expected flows from the easing policies of the European Central Bank and the Bank of Japan which held the currency from depreciating. Globally, the US dollar weakened against a basket of currencies on weak non-farm payroll data which gave the rupee a strong opening today.” In intra-day trade, the domestic unit touched a high of 61.44 and a low of 61.55.
Call rates, bond yields drop
The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, ended lower at 7.80 per cent from the previous close of 8.15 per cent. Yield on the 10-year benchmark 8.40 per cent government security, maturing in 2024, softened to 8.17 per cent from the previous close of 8.20 per cent. The price of the bond rose to ₹101.45 from ₹100.20.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.