Re drops on dollar buying speculation

Last Updated: Fri, Dec 14, 2012 04:21 hrs

The rupee fell for a second day on speculation of importers stepping up dollar purchases to pay year-end bills. The rupee fell 0.3 per cent to 54.47 per dollar here, according to data compiled by Bloomberg.

Bonds rise on fresh buying
Government securities (G-sec) rose on good buying support from banks and companies.

The 8.15 per cent G-sec maturing in 2022 surged to Rs 99.95 from Rs 99.81 yesterday, while its yield moved down to 8.12 per cent from 8.14 per cent.

Call rates end steady
Call money rates ended steady at the overnight market here on Thursday, as demand from borrowing banks matched supplies. It finished stable at 8.10 per cent.

More from Sify: