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Re drops a second day on dollar buying

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Agencies Mumbai

The rupee fell a second day, retreating from the strongest level in three months, on speculation oil companies boosted purchases of the dollar. The rupee weakened 0.1 per cent to 53.81 a dollar here, according to data compiled by Bloomberg. It touched 53.38 earlier, the strongest level since October 23.

Bonds remain mixed
Government securities (G-sec) remained mixed on alternate bouts of buying and selling. The 8.15 per cent G-sec maturing in 2022 rose to Rs 101.96 from Rs 101.88 yesterday, while its yield inched down by 7.85 per cent from 7.86 per cent previously.

Call rates end lower
Call money rates at the overnight money market ended lower here on Tuesday on lack of demand from borrowing banks. The rate finished lower at 8.05 per cent from previous closing level of 8.08 per cent.

 

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First Published: Jan 23 2013 | 12:59 AM IST

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