The rupee firmed up by a further four paise to close at 61.69 against the dollar on sustained selling of the greenback by banks and exporters. At the forex market, the rupee resumed higher at 61.70 and firmed up further to 61.67 on initial selling of dollars by banks before ending a 61.69. The rupee traded in a narrow band on Friday, analysts said. The domestic currency had gained two paise on Thursday. The dollar index was up 0.20 per cent against a basket of major global currencies
Bond yields stable, call rates down
Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling, while the overnight call money rate turned lower due to lack of demand borrowing banks amid ample liquidity in the banking system. The 8.40 per cent, 2024 government G-Sec, fell to ₹104.63 from ₹104.65 previously, while its yield held stable at 7.70 per cent. However, the 8.60 per cent 2028 bond edged up to ₹107.28 from ₹107.27, while its yield held stable at 7.71 per cent. The overnight call money rates ended lower at 7 per cent from Thursday’s closing of 8.70 per cent. It moved in the 7.85-6.10 per cent range.