The rupee snapped four days of declines on speculation the nation’s relatively fast economic growth will attract foreign capital. It advanced 0.5 per cent to 52.78 a dollar as of 2:22 pm here, after dropping as much as 0.2 per cent earlier.
Bonds remain weak
Government bonds remained weak on sustained selling from banks and companies.
The 8.33 per cent government security maturing in 2026 dropped to Rs 100.60 from Rs 100.67 previously, while its yield held steady at 8.25 per cent.
The 8.15 per cent government security maturing in 2022 fell to Rs 99.90 from Rs 99.95, while its yield held stable at 8.16 per cent.
Call rates rule stable
The call money rates ruled steady at the overnight market here on Thursday, as demand from borrowing banks matched supplies. It finished stable at 8.05 per cent. It moved in a range of 8.1 per cent and 7.9 per cent.
