Forex

Rupee slips to 56, ends at 55.95

Our Bureau Mumbai | Updated on March 12, 2018 Published on July 09, 2012

The domestic currency has fallen past the 56-level against the dollar after June 29.

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The rupee today closed at 55.95 as dollar strengthened against other currencies given the disappointing US jobs growth figures. The Euro and Asian markets also slipped on Monday on global aversion.



The domestic unit, which opened at 55.93 against the US dollar, recovered after it hit 56.07 in a less volatile currency market today.



"The rupee today largely tracked the global cues...there was negativism in Euro, which also impacted the rupee," said an official at JRG Securities.



Call Rates and G-Secs



The call money rates after opening flat touched a low of 8.00 per cent to close lower at 8.10 per cent from its previous close of 8.25 per cent on Friday.



The benchmark 8.79 per cent government maturing in 2021 closed higher at Rs 103.06 (yield: 8.30 per cent) from Rs 102.96 (yield: 8.32 per cent).



The most frequently traded 9.15 per cent government bond that matures in 2024 climbed higher at Rs 106.06 (yield: 8.35 per cent) from Rs 105.85 (yield: 8.37 per cent).

Published on July 09, 2012

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