The rupee fell 48 paise to a near four-week low of 62.17 to the dollar, snapping two-day gains due to heavy capital outflows and fresh dollar demand from banks and importers. The rupee had closed at 61.69 against the US currency on Friday. The Indian currency opened lower at 61.99 due to weaker opening in the domestic equity markets.
The currency had last ended at 62.18 on January 14. Persistent fall in equity markets and a strong dollar in overseas markets also impacted the rupee sentiment here, a dealer said.
Bond yields stable, call rates down
The 8.40 per cent, 2024 government G-Sec, fell to ₹104.65 from ₹104.63 previously, while its yield hardened to 7.71 per cent against the previous close of 7.70 per cent. The overnight call money rates ended higher at 8.05 per cent against the previous close of 7 per cent.