Forex

Rupee strengthens to close at 55.15

Our Bureau Mumbai | Updated on July 13, 2012 Published on July 13, 2012

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The rupee strengthened to close at 55.15 against the dollar on strong selling of dollars by corporates and foreign banks.



The domestic currency opened higher at 55.65 from previous close of 55.94.



Intraday, the local unit moved between a high and low of 55.10 and 55.72, respectively.

The rupee will open on Monday with a keen eye on the June inflation figures which will be announced on the same day. Wholesale Price Index-based inflation for May was 7.55 per cent. Inflation figures will be keenly watched in deciding the policy rates during the quarterly monetary policy review on July 31.



Call Rates and G-Secs



The interbank call rates, which opened flat at 8.15 per cent, closed at 8.00 per cent.

The more widely traded 9.15 per cent government security that matures in 2024 closed at Rs 106.27 against previous close of Rs. 106.34. Yield at both rates was 8.32 per cent.

The 8.15 per cent government bond maturing in 2022 closed at Rs 100.34 from yesterday’s close of Rs 100.30, while its yield was slightly lower at 8.09 per cent from 8.10 per cent.

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Published on July 13, 2012
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