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In a thin trading session, the rupee ended 8 paise stronger at 60.68 against the dollar on the back of capital flows into the domestic equity market and lower global oil prices.
Forex market remained closed on Friday and Monday on account of Independence Day and Parsi New Year, respectively.
On Thursday, the rupee had risen 45 paise, its best single-day gain in three months, to end at a two-week high of 60.76 against the dollar.
On Tuesday, the domestic unit opened 4 paise higher at 60.72 per dollar on stable inflows into the domestic markets and selling of dollars by exporters and banks. The unit declined to 60.78. However, it recovered to 60.65 on positive sentiments as crude oil prices hit a 13-month low dropping below $101 per barrel.
Call rates, Bond prices fall
The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, ended lower at 7 per cent from Thursday’s close of 8.50 per cent.
Yield on the 8.40 per cent 10-year government bond maturing in 2024 hardened to 8.53 per cent to 8.51 per cent. Prices lowered to Rs 99.11 from the previous close of Rs 99.20. Bond prices and yields move in opposite directions.
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