The rupee fell toward a two-month low on concern US tax increases and spending cuts due next year will hurt the world’s largest economy, aggravating a global slowdown, unless policy makers defer or scale back the measures.
It declined 0.3 per cent to 54.38 a dollar here, according to data compiled by Bloomberg. It fell to 54.68 earlier, approaching a November 6 level of 54.78 that was the lowest since September 14.
Bonds end mixed
Government securities (G-sec) closed mixed on alternate bouts of buying and selling.
The 8.33 per cent G-sec maturing in 2026 gained to Rs 100.35 from Rs 100.32 yesterday, while its yield inched down at 8.28 per cent from 8.29 per cent.
The 8.19 per cent G-sec maturing in 2020 edged up to Rs 99.87 from Rs 99.86, while its yield held steady at 8.21 per cent.
Call rates remains lower
Call money rates ended lower at overnight market due to lack of demand from borrowing banks.
The overnight call money rate finished lower at 8.05 per cent from previous closing level of 8.10 per cent.