 "Rupee gains vs dollar on local equities' recovery")
The rupee on Wednesday gained seven paise to close at 54.53 against the dollar on smart recovery in local equities after a five-day losing streak and selling of the US currency by exporters.
Forex dealers said some foreign fund flows and weakening of dollar abroad also aided the local currency to some extent.
The rupee commenced stronger at 54.46 against the dollar from its previous closing of 54.58 at the Interbank Foreign Exchange market. It moved in a range of 54.40-54.57.
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 102.90 from Rs 102.96 yesterday, while its yield inched up to 7.97 per cent from 7.96 per cent. The 8.15 per cent G-sec maturing in 2022 dropped to Rs 101.60 from Rs 101.71, while its yield moved up to 7.90 per cent from 7.88 per cent. The 8.20 per cent G-sec maturing in 2025 also ended lower to Rs 101.89 from Rs 101.92, while its yield looked up to 7.96 per cent from 7.95 per cent.
Call rates recover
Call money rates recovered at the overnight money market here on Wednesday on fresh demand from borrowing banks.
The overnight rate finished higher at 7.85 per cent from yesterday's closing level of 7.60 per cent.
Forex dealers said some foreign fund flows and weakening of dollar abroad also aided the local currency to some extent.
The rupee commenced stronger at 54.46 against the dollar from its previous closing of 54.58 at the Interbank Foreign Exchange market. It moved in a range of 54.40-54.57.
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Bonds 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 102.90 from Rs 102.96 yesterday, while its yield inched up to 7.97 per cent from 7.96 per cent. The 8.15 per cent G-sec maturing in 2022 dropped to Rs 101.60 from Rs 101.71, while its yield moved up to 7.90 per cent from 7.88 per cent. The 8.20 per cent G-sec maturing in 2025 also ended lower to Rs 101.89 from Rs 101.92, while its yield looked up to 7.96 per cent from 7.95 per cent.
Call rates recover
Call money rates recovered at the overnight money market here on Wednesday on fresh demand from borrowing banks.
The overnight rate finished higher at 7.85 per cent from yesterday's closing level of 7.60 per cent.