Rupee settles weaker at 55.92

Our Bureau Mumbai | Updated on September 05, 2012


The rupee closed at 55.92 against the dollar due to a fall in euro and weak domestic equity markets.

The domestic unit on Wednesday opened lower at 55.79 against the dollar from Tuesday’s close of 55.66 due to a weaker euro and fall in Asian shares.

In addition, uncertainty grew among investors as they await policy announcements on the Euro Zone debt crisis from the European Central Bank meeting on Thursday and US jobs data due to be released on Friday.

Nearing the 56-level mark, the rupee touched a low of 55.99 in the early trade showing signs of deepening concerns on the global economy.

Call rates lower; G-secs up

The overnight call money rates closed lower at 7.40 per cent from previous close of 7.95 per cent.

The 10-year benchmark 8.15 per cent government bond closed at Rs 99.79 (yield: 8.18 per cent) from its previous close of Rs 99.57 (yield: 8.21 per cent).

Published on September 05, 2012

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