 "Rupee sheds 18 paise against dollar")
The rupee declined by 18 paise to close the day at nearly one-month low of 60.77 against the dollar due to sustained demand for the US currency from importers amid some weakness in local stocks.
"The supply of dollar was also less as FIIs are awaiting election results," said a dealer with a foreign bank.
Persistent capital inflows and a sluggish dollar overseas capped the rupee fall to a certain extent, said another dealer.
At the interbank foreign exchange (forex) market, the domestic unit fell steeply to a low of 60.89 before recovering some ground to conclude at 60.76, a fall of 17 paise or 0.28 per cent from its previous close.
Government securities (G-sec) rose on good buying support from banks and corporates, while the overnight call money rates ended lower due to lack of demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 99.83 from Rs 99.78, while its yield softened to 8.85 per cent from 8.86 per cent.
The 8.24 per cent government security maturing in 2027 gained to Rs 93.45 from Rs 93.2150, while its yield eased to 9.11 per cent from 9.15 per cent.
The overnight call money rate finished lower at 8.00 per cent from 9.20 per cent yesterday and it moved in a range of 8.80 per cent and 8.00 per cent.
"The supply of dollar was also less as FIIs are awaiting election results," said a dealer with a foreign bank.
Persistent capital inflows and a sluggish dollar overseas capped the rupee fall to a certain extent, said another dealer.
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The dollar index was down by 0.14 per cent against its six major global rivals.
At the interbank foreign exchange (forex) market, the domestic unit fell steeply to a low of 60.89 before recovering some ground to conclude at 60.76, a fall of 17 paise or 0.28 per cent from its previous close.
Government securities (G-sec) rose on good buying support from banks and corporates, while the overnight call money rates ended lower due to lack of demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 99.83 from Rs 99.78, while its yield softened to 8.85 per cent from 8.86 per cent.
The 8.24 per cent government security maturing in 2027 gained to Rs 93.45 from Rs 93.2150, while its yield eased to 9.11 per cent from 9.15 per cent.
The overnight call money rate finished lower at 8.00 per cent from 9.20 per cent yesterday and it moved in a range of 8.80 per cent and 8.00 per cent.