Snapping its three-session gaining string, the rupee on Monday lost a massive 51 paise to end at 54.77 against the dollar due to fresh heavy demand for the American currency from importers and some banks amid weak local equities. The rupee turned negative after weakness in equities in late morning deals and declined further to a low of 54.79 before concluding at 54.77, a fall of 51 paise, or 0.94 per cent.
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 inched up to Rs 100.38 from Rs 100.37 previously, while its yield held steady at 8.28 per cent.
Call rates stable
Call rates closed stable as demand from borrowing banks matched supplies. The rate ended stable at eight per cent from previous closing level. It moved in a range of 8.15 per cent and 7.90 per cent.