The rupee strengthened for a third straight day and hit a one-month high on Thursday, following yesterday’s Lok Sabha vote win for the government on retail FDI. It opened at 54.45 to a dollar and closed at 54.14. According to Akhil Thomas, assistant manager (forex), Federal Bank, the market had already factored in the decision of the Bahujan Samaj Party to support the government in the Rajya Sabha, too. As a result, it is expected to open stronger tomorrow.
Bonds end mixed
Government securities (G-sec) ended mixed on alternate bouts of buying and selling. The 8.33 per cent G-sec maturing in 2026 declined to Rs 100.55, while its yield inched up to 8.26 per cent.
Call rates finish higher
Call money rates finished higher here on Thursday on good demand from borrowing banks. The rate closed at 8.15 per cent.
