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Re up on hopes govt may win RS FDI vote

Source : BUSINESS_STANDARD
Last Updated: Fri, Dec 07, 2012 07:42 hrs

pThe rupee strengthened for a third straight day and hit a one-month high on Thursday following yesterday&rsquos Lok Sabha vote win for the government on retail FDI It opened at 5445 to a dollar and closed at 5414 According to Akhil Thomas assistant manager forex Federal Bank the market had already factored in the decision of the Bahujan Samaj Party to support the government in the Rajya Sabha too As a result it is expected to open stronger tomorrowppstrongBonds end mixedstrongbr Government securities G-sec ended mixed on alternate bouts of buying and selling The 833 per cent G-sec maturing in 2026 declined to Rs 10055 while its yield inched up to 826 per centppstrongCall rates finish higherstrongbr Call money rates finished higher here on Thursday on good demand from borrowing banks The rate closed at 815 per centp


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