Comments
The rupee was trading at 55.74 against the dollar at 1.20 pm local time. The Indian currency opened flat at 55.62 against the dollar.
The rupee, which ended its four-day losing streak on Tuesday, slid 23 paise on Wednesday to close at 55.61.
The local unit closed lower on Wednesday because of high demand for dollar from oil importers and a leading public sector bank.
Factory output growth came in at a better-than-expected 2.4 per cent in May, higher than the 0.1 per cent growth seen in the previous month. The factory output data, or Index for Industrial Production (IIP) is released with a one month lag.
Call rates, G-Secs
The interbank call rates opened slightly up at 8.15 per cent. They had closed at 8.10 per cent on Wednesday.
The more widely traded, 9.15 per cent government security that matures in 2024, opened higher at Rs 106.40 (yield: 8.31 per cent). It had closed at Rs 106.29 (yield: 8.29 per cent).
The benchmark 8.79 per cent government security, which matures in 2021, also opened higher at Rs 103.40 (yield: 8.25 per cent). It had closed at Rs 103.29 (yield: 8.27 per cent).
satyanarayan.iyer@thehindu.co.in
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.