Forex

Rupee rises 34 paise to 61.05 as dollar turns bearish

OUR BUREAU MUMBAI | Updated on October 09, 2014 Published on October 09, 2014

The rupee ended 34 paise higher at 61.05 per dollar against the previous close of 61.39 on persistent selling of the American unit by banks and exporters amid bearish dollar overseas and rallying domestic equities.

According to dealers, the dollar index was trading 0.22 per cent lower against most Asian currencies.

In intra-day trade, the domestic unit touched a high of 60.90 and a low of 61.12.

The inter-bank call money rate, the rate at which banks borrow short-term money from each other, ended lower at 7.90 per cent against the previous close of 8.10 per cent. Yield on the 8.40 per cent Government bond maturing in 2024 hardened to 8.46 per cent against the previous close of 8.40 per cent. The price of the security fell to ₹99.54 against the previous close of ₹99.93.

Published on October 09, 2014
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