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Re falls to 3-month low on growth fears

Source : BUSINESS_STANDARD
Last Updated: Mon, Nov 26, 2012 19:41 hrs
Cashier counts currency notes inside bank in Lucknow

The rupee fell to the lowest level in almost three months before a report this week that is forecast to show growth will stay near a three-year low. It declined 0.4 per cent to 55.73 a dollar here, according to data compiled by Bloomberg.

Bonds rise on good 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 99.64 from Rs 99.47 last Friday, while its yield moved down to 8.20 per cent from 8.23 per cent.

Call rates end steady
The call money rates ruled steady at the overnight market here on Monday, as demand from borrowing banks matched supplies.

The rate finished steady at 8.10 per cent from its Thursday’s close.


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