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The rupee closed a tad stronger at 60.13 against the dollar (previous close: 60.20) as month end oil-related demand for the greenback prevented the Indian unit from gaining over-much.
The rupee moved in a tight range between 60.07 and 60.18.
A weak dollar index also prevented the rupee capped the rupee’s fall. The dollar index, measured against a basket of world’s major currencies, was trading 0.02 per cent lower at 80.25.
Call rates and G-Secs
The interbank call rates, the rate at which banks borrow short-term fund from each other to tide over liquidity mismatches, closed at 8.30 per cent over previous close of 8.25 per cent.
The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, closed at Rs 100.70 with a yield of 8.71 per cent (previous close: Rs 100.35, yield: 8.77 per cent).
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