The rupee climbed to the highest level in more than five months as Prime Minister Manmohan Singh’s measures to attract investments lured foreigners to the nation’s assets.
The rupee advanced 0.9 per cent to 52.40 per dollar in Mumbai, according to data compiled by Bloomberg. It touched 52.39 earlier, the strongest level since April 23. The currency rose 5.3 per cent in the three months through September, its strongest quarterly gain since 2009 and the best performance in Asia.
Bond rates end mixed
Government securities (G-sec) ended mixed on alternate bouts of buying and selling.
The 8.33 per cent G-sec maturing in 2026 declined to Rs 100.63 from Rs 100.68 last Friday, while its yield edged up to 8.25 per cent from 8.24 per cent.
The 8.15 per cent G-sec maturing in 2022 dropped to Rs 99.91 from Rs 99.99, while its yield inched up to 8.16 per cent from 8.15 per cent.
The 8.20 per cent G-sec maturing in 2027 moved down to Rs 100.08 from Rs 100.15, while its yield gained to 8.19 per cent from 8.18 per cent.
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Call rates finish higher
Call rates ended sharply higher at the overnight money market here on Monday on sustained demand from borrowing banks.
The rate finished higher at 8.15 per cent from previous closing level of 7.95 per cent.