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The rupee fell by 11 paise to end at 65.06 against the US dollar, on Thursday, on fresh demand for the American currency from banks and importers amidst a decline in equity markets. The local currency opened lower at 65.14 as against Wednesday’s closing level of 64.95 at the Interbank Foreign Exchange market on initial dollar demand. It hovered in the range of 65.18 and 65.03 during the day before settling lower by 11 paise, or 0.17 per cent, at 65.06.
Bonds rebound, call rates end steady
Government bond (G-Sec) prices rebounded on renewed buying support from banks and corporates. The inter-bank call money rate ended stable on alternate bouts of buying and selling. The 10-year 7.72 per cent benchmark bond maturing in 2025 climbed to ₹101.23 from ₹101.19 previously, while its yield held steady at 7.54 per cent. The overnight call money rates closed unchanged at 6.75 per cent. It moved in a wide range of 7.05 per cent to 6.40 per cent.
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