The rupee fell 15 paise to close at a five-week low of 62.32 against the dollar on Monday, amid bearish local stocks and importer demand for the US currency. Capital outflows from the equity market aided the rupee's decline, while a weakening dollar abroad helped the currency to come off the day's low, a forex dealer said. The rupee closed at 62.32, a fall of 15 paise or 0.24 per cent. This was the lowest level for the rupee since closing at 62.36 on December 3.
Bonds, call rates end higher
Government securities (G-secs) rose on good buying support from banks and companies, and the call money rates also ended higher at the overnight market here on Monday, owing to sustained demand from borrowing banks. The 8.83 per cent G-sec maturing in 2023 climbed to Rs 100.29 from Rs 99.95 previously, while its yield declined to 8.78 per cent from 8.83 per cent. The 8.28 per cent government security maturing in 2027 shot up to Rs 93.20 from Rs 92.73, while its yield fell to 9.16 per cent from 9.22 per cent. The 8.24 per cent government security maturing in 2027 also advanced to Rs 92.98 from Rs 92.52, while its yield eased to 9.17 per cent from 9.23 per cent.
The overnight rates finished higher at 8.75 per cent from 7.65 per cent, previously. The rates finished higher at 8.75 per cent from 7.65 per cent previously. It moved in a range of 8.75 per cent and 7.70 per cent.
Bonds, call rates end higher
Government securities (G-secs) rose on good buying support from banks and companies, and the call money rates also ended higher at the overnight market here on Monday, owing to sustained demand from borrowing banks. The 8.83 per cent G-sec maturing in 2023 climbed to Rs 100.29 from Rs 99.95 previously, while its yield declined to 8.78 per cent from 8.83 per cent. The 8.28 per cent government security maturing in 2027 shot up to Rs 93.20 from Rs 92.73, while its yield fell to 9.16 per cent from 9.22 per cent. The 8.24 per cent government security maturing in 2027 also advanced to Rs 92.98 from Rs 92.52, while its yield eased to 9.17 per cent from 9.23 per cent.
The overnight rates finished higher at 8.75 per cent from 7.65 per cent, previously. The rates finished higher at 8.75 per cent from 7.65 per cent previously. It moved in a range of 8.75 per cent and 7.70 per cent.