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Re up amid hopes for nod to retail FDI

Source : BUSINESS_STANDARD
Last Updated: Wed, Dec 05, 2012 09:21 hrs
An employee arranges Indian currency notes at cash counter inside a bank in Agartala

The rupee strengthened for a fourth session in five on Tuesday as investor hopes for parliamentary approval to foreign direct investment in multi-brand retailing grew. Parliament began debate on FDI in multi-brand retail with both houses due to vote tomorrow. The partially convertible rupee closed at 54.68/69 a dollar versus its previous close of 54.77/78.

Bonds remain mixed
Government securities (G-sec) ended mixed, on alternate bouts of buying and selling. The 8.33 per cent G-sec maturing in 2026 firmed up to Rs 100.54 from Rs 100.38 yesterday, while its yield moved down to 8.26 per cent from 8.28 per cent.

Call rates end higher
Call money rates at the overnight money market finished higher here on Tuesday on good demand from borrowing banks. The rate closed higher at 8.10 per cent.

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