Comments
The rupee ended marginally higher at 54.53 against the dollar due to mild capital flows and firm domestic equity market.
On Tuesday, the Indian unit had closed at 54.58 on the back of dollar buying from importers.
On Wednesday, the unit opened 12 paise higher at 54.46 and strengthened to 54.43 per dollar due to higher Asian and domestic markets on the back of positive Chinese trade data supported the rupee sentiments.
However, staying largely volatile during the day, the rupee declined to 54.57 to the dollar on the Interbank Foreign Exchange market.
Call rates, G-Sec
The interbank call money market closed higher at 7.85 per cent from its previous close of 7.60 per cent on Tuesday. Intra-day, it moved in the 7.35 to 7.90 per cent range.
The benchmark 8.15 per cent government security, which matures in 2022, ended lower at Rs 101.59 (yield at 7.89 per cent) from Tuesday’s close of Rs 101.71 (yield at 7.88 per cent).
The widely traded 7.83 per cent government security, which matures in 2018, ended higher at Rs 100.30 (7.75 per cent) from its previous close of Rs 99.85 (yield: 7.87 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.