Comments
The rupee reversed its morning losses to end at 53.57 against the dollar as inflow of American currency helped the local unit to gain.
The rupee opened lower at 53.77. The domestic forex and debt markets were closed on Wednesday. It had closed at 53.73 against the dollar on Tuesday.
Month-end demand for dollars from oil importers did not weigh much on the rupee as the dollar inflows outweighed the domestic demand.
Call Rates and G-Secs
The overnight call money rates closed flat from its previous close of 8.10 per cent.
The 10-year benchmark 8.15 per cent government security, which matures in 2022, closed higher at Rs 100.13 (yield: 8.12 per cent) from Tuesday’s close of Rs 100.08 per cent (yield: 8.13 per cent).
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.