The rupee slipped from its highest level in more than four months on speculation that importers boosted dollar purchases to settle month-end bills. The rupee was little changed at 53.48 per dollar, compared with 53.47 on September 21, according to data compiled by Bloomberg. It touched 53.06 earlier, the strongest level since May 10, adding to last week’s 1.6 per cent gain.
Bonds rise on good demand
Government securities (G-sec) rose on good buying from banks and companies.
The 8.33 per cent G-sec maturing in 2026 climbed to Rs 100.66 from Rs 100.43 last Friday, while its yield declined 8.25 per cent from 8.27 per cent. The 8.15 per cent G-sec maturing in 2022 surged to Rs 99.95 from 99.88, while its yield inched down to 8.16 per cent from 8.17 per cent. The 8.19 per cent G-sec maturing in 2020 also rose to Rs 99.70 from 99.61, while its yield eased to 8.24 per cent from 8.26 per cent.
Call rates end higher
Call rates also ended higher at the overnight market on Monday on good demand from borrowing banks. It ended higher at 8.05 per cent from 7.95 per cent last Friday. It moved in a range of 8.15 per cent and 7.90 per cent.