Forex

Rupee up 12 paise, closes at 60.07

Our Bureau Mumbai | Updated on March 12, 2018 Published on July 01, 2014

rupee

The rupee closed 12 paise higher at 60.07 against the dollar on robust capital inflows and bouts of dollar selling by exporters and banks. The domestic unit had closed at 60.19 on Monday. On Tuesday, the rupee opened at 60.11 to the dollar at the Interbank Foreign Exchange market amid capital inflows into the domestic equity markets. BSE benchmark Sensex ended at 25,516 points, up 103 points (0.40 per cent) over its previous close. The rupee declined to 60.20 to a dollar in the afternoon session after which it recovered to 60.04 on foreign capital flows.

Call rates and G-Secs

The inter-bank call money rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, ended at 8 per cent from Monday’s close of 8.70 per cent on Friday. The benchmark 8.83 per cent government security (G-Sec), which matures in 2023, ended a tad higher at ₹100.56 from ₹100.53, while the yield softened marginally to 8.73 per cent from 8.74 per cent.

Published on July 01, 2014
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