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The rupee closed little changed on Tuesday as shares fell for a fifth consecutive session to mark their weakest start to a year since 2011, offsetting the positive impact from continued foreign fund inflows into bonds.
The partially convertible rupee closed at 62.30/31 a dollar compared with 62.31/32 on Monday. The rupee moved in a tight range of 62.30 to 62.47 during the session.
Bonds turn bearish
Government securities (G-secs) turned bearish on selling pressure from banks and companies.
The 8.83 per cent G-sec maturing in 2023 fell to Rs 100.24 from Rs 100.29 previously, while its yield inched-up to 8.79 per cent from 8.78 per cent.
Call rates end stable
Call money rates also ended stable at the overnight market as demand from borrowing banks matched the supply. The overnight rates ended steady at 8.75 per cent.
