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Rupee up 11 paise on $ sales, FII inflows

Source : BUSINESS_STANDARD
Last Updated: Wed, Feb 20, 2013 21:11 hrs
Cashier counts currency notes inside bank in Lucknow

The rupee today strengthened by 11 paise to end at 54.07 on persistent selling of dollars by exporters and moderate capital inflows, amid reports of low volumes due to the ongoing two-day bank union strike.

The rupee resumed higher at 54.10 per dollar as against the last closing level of 54.18 per dollar at the Interbank Foreign Exchange Market. During the session, rupee hovered in a range of 54.03 a dollar and 54.21 a dollar. It gained 0.20 per cent over Monday.

Bonds higher on good demand

Government securities (G-sec) surged on sustained demand from banks and companies.

The 8.33 per cent G-sec maturing in 2026 rose to Rs 103.64 from Rs 103.34 previously, while its yield declined to 7.88 per cent from 7.92 per cent.

The 8.15 per cent G-sec maturing in 2022 shot up to Rs 102.24 from Rs 102.11, while its yield edged down to 7.80 per cent from 7.82 per cent.

Call rates steady

Call money rates ended steady at the overnight market here today as demand from borrowing banks matched supplies.

The rate finished steady at 7.95 per cent. It moved in a range of 7.95 per cent and 7.75 per cent.


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