 "Rupee slips 5 paise")
Falling for the second day, the rupee on Tuesday closed down five paise at 60.12 against the US currency following sustained dollar demand from importers amid capital outflows.
The local currency started the day's trading on a weaker note at 60.11 and dropped further to a low of 60.245 at the Interbank Foreign Exchange (Forex) market.
The partially convertible rupee ended at 60.12/13 per dollar compared with 60.07/08 on Monday
The overnight call money rates ended lower at 8.50 per cent from Monday's level of 8.95 per cent.
It moved in range of 8.85 per cent and 8.00 per cent.
The local currency started the day's trading on a weaker note at 60.11 and dropped further to a low of 60.245 at the Interbank Foreign Exchange (Forex) market.
The partially convertible rupee ended at 60.12/13 per dollar compared with 60.07/08 on Monday
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Meanwhile, government bond prices recovered on good buying support from banks and corporates. The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 100.58 from Rs 100.29, while its yield fell to 8.74 per cent from 8.78 per cent previously.
The overnight call money rates ended lower at 8.50 per cent from Monday's level of 8.95 per cent.
It moved in range of 8.85 per cent and 8.00 per cent.