The rupee forwards strengthened for a second day after data showed US industrial output grew faster than economists estimated and as speculation grew that Spain will seek a bailout.
Three-month onshore rupee forwards advanced 0.1 per cent to 53.80 a dollar, according to data compiled by Bloomberg.
Bonds close mixed
Government securities (G-sec) closed mixed on alternate bouts of buying and selling.
The 8.33 per cent G-sec maturing in 2026 edged up to Rs 100.74 from Rs 100.73 previously, while its yield held steady at 8.24 per cent. The 8.19 per cent G-sec maturing in 2020 moved up to Rs 100 from Rs 99.99, while its yield held stable at 8.19 per cent. The 8.97 per cent G-sec maturing in 2030 rose to Rs 105.82 from Rs 105.65, while its yield eased to 8.34 per cent from 8.36 per cent. However, the 8.07 per cent G-sec maturing in 2017 inched down to Rs 99.77 from Rs 99.78 yesterday, while its yield remained unchanged at 8.12 per cent.
Call rates higher
Call money rates ended higher at the overnight call money market here on Wednesday on good demand from borrowing banks.
The overnight rate finished slightly higher at 8.10 per cent from previous closing level of 8.06 per cent. It moved in a range of 8.15 per cent and 7.95 per cent.
