Business Standard

Rupee falls on dollar demand from importers

The currency plunges 18 paise to 54.15 against dollar

Agencies Mumbai
The rupee on Monday fell 18 paise to 54.15 against the dollar on fresh demand for the US currency from crude oil and gold importers, amid firm global cues. However, capital inflows and strong domestic equities limited the local currency's fall to some extent, forex dealers said.

Bonds remain up
Government securities (G-sec) climbed on sustained demand from banks and companies. The 8.33 per cent G-sec maturing in 2026 rose to Rs 104.25 from Rs 104.06 last Thursday, while its yield moved down to 7.81 per cent from 7.83 per cent.

Call rates also end higher
Call money rates ended higher due to good demand from borrowing banks.
 
The rate finished higher at 7.60 per cent from the previous close 7.25 per cent. It moved in a range of 7.70 per cent and 7.25 per cent.

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First Published: Apr 23 2013 | 12:33 AM IST

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