The rupee closed stronger at 54.13 against the dollar, after Mayawati-led, Bahujan Samaj Party expressed support to the UPA on the FDI in multi-brand retail in the Rajya Sabha.
The House will likely discuss the issue in Rajya Sabha on Friday. On Wednesday, the UPA led coalition got a nod for the FDI in retail policy from majority of the members present in the House.
The Indian unit opened higher at 54.46 from Wednesday’s close of 54.55.
Intraday, the rupee moved between a high of 54.05 and low of 54.58 intra-day.
Call rates and G-Secs
The overnight call money rates closed higher at 8.15 per cent from its previous close of 8.05 per cent. Currently, the rates were trading at 8.10 per cent in intra-day trade.
The 10-year benchmark 8.15 per cent government security, maturing in 2022, closed almost unchanged at Rs 99.87 from Wednesday’s close of Rs 99.86. Yields remained constant at 8.17 per cent.
The widely traded 8.33 per cent government security, maturing in 2026, closed lower at Rs 100.55 (yield: 8.26 per cent) from Wednesday’s close of Rs 100.61 (yield 8.25 per cent).