The rupee fell the most in more than a week on concern that the government’s income would fall short of estimates, undermining its efforts to cut the budget deficit. The rupee declined 1.2 per cent to 49.2650 per dollar in Mumbai, according to data compiled by Bloomberg, the biggest drop since October 20. It advanced 0.6 per cent last month, the first gain since July.
BONDS SETTLE MIXED
Government securities settled mixed on alternate bouts of buying and selling. The 7.80 per cent government security maturing in 2021 dipped further to Rs 82.82 from Rs 93.20 yesterday.
CALL RATE FALLS
The call rate moved in a range of 8.60 per cent and 8.40 per cent before closing slightly weak at 8.55 per cent from yesterday’s level of 8.60 per cent.
