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Slowing capital inflow hits rupee

The currency declines 0.1% to 54.21 a dollar

Agencies Mumbai
Last Updated : Apr 18 2013 | 12:38 AM IST
The rupee retreated from a seven-week high on concern that capital inflows into the nation's stocks would lessen amid signs of a cooling economy impacting corporate earnings. The currency declined 0.1 per cent to 54.21 a dollar here, according to data compiled by Bloomberg. It touched 53.77 earlier, the strongest level since February 28.

Bonds remain up on firm demand
Government securities (G-sec) gained further on persistent buying support from banks and companies. The 8.33 per cent G-sec maturing in 2026 shot up to Rs 103.91 from yesterday's level of Rs 103.66, while its yield moved down to 7.85 per cent from 7.88 per cent.

The 8.20 per cent G-sec maturing in 2025 surged to Rs 102.85 from Rs 102.62, while its yield declined to 7.84 per cent from 7.87 per cent. The 8.15 per cent G-Sec maturing in 2022 also climbed to Rs 102.22 from Rs 102.09, while its yield edged down to 7.80 per cent from 7.82 per cent. The 8.07 per cent G-sec maturing in 2017, the 8.97 per cent maturing in 2030 and the 8.12 per cent maturing in 2020 also quoted higher at Rs 101.42, Rs 108.85 and Rs 102.64, respectively.

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Call rates end steady
Call money rates ended steady as demand from borrowing banks matched supplies. It concluded at 7.65 per cent, having moved in a range of 7.65 per cent and 7.25 per cent.

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First Published: Apr 17 2013 | 11:38 PM IST

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