Forex

Rupee rises marginally to 61.53

| Updated on: Nov 12, 2014
image caption

The rupee on Wednesday ended a tad stronger at 61.53 to the dollar against the previous close of 61.55 amid thin trading volumes and gains in the domestic equity market. A dealer with a public sector bank said the nationwide bank union strike contributed to thin trading volumes. According to a note by India Forex Advisors, the domestic currency was trading in a narrow band in the absence of major drivers from the US zone.

Call rates, bond yields dip

The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, ended lower at 7.50 per cent from the previous close of 8.95 per cent. Yield on the 10-year benchmark 8.40 per cent government security, maturing in 2024, softened to 8.15 per cent from the previous close of 8.17 per cent. The price of the bond rose to ₹101.58 from ₹101.39.

Published on November 12, 2014

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you