Comments
The rupee snapped its five-day losing trend against the US currency, rising 20 paise to 63.64 to the dollar, on fresh selling of the greenback by banks and exporters on hopes of a revival in foreign capital inflows. The rupee opened higher at 63.76 at the Interbank Foreign Exchange market compared with 63.84 previously and firmed up further to 63.63 before closing at 63.64, a gain of 20 paise.
Bond yields flat, call rates up
Mumbai, June 30Government bond (G-Sec) prices recovered on fresh buying support from banks and corporates. The overnight call money rate ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system. The 10-year benchmark 8.40 per cent G-Sec maturing in 2024 climbed to ₹102.28 from ₹102.16 previously, while its yield fell to 8.04 per cent compared with 8.06 per cent. The overnight call money rates ended higher at 7.20 per cent compared with 7 per cent on Monday, after trading in a tight range of 6.25-7.30 per cent.
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.