Snapping a four-session gaining streak, the rupee on Monday lost nine paise to end at 53.29 against the dollar due to renewed dollar demand and firm global cues, amid weak local equities. The local unit commenced strong at 53.02 from Friday’s close of 53.19 against the dollar at the Interbank Foreign Exchange market.
Bonds react downward
Government bonds reacted downwards on selling pressure from banks and companies.
The 8.15 per cent government security maturing in 2022 dropped to Rs 101.37 from Rs 101.58 last Friday, while its yield moved-up at 7.94 per cent from 7.91 per cent.
Call rates end higher
The rates ended higher on good demand from borrowing banks. It finished higher at 7.85 per cent from 7.50 per cent previously.