The rupee ended on Friday over a week’s high of 54.29 against the dollar tracking the domestic equity market and a stronger euro. On Thursday, the Indian unit had closed higher at 54.56.

After opening at 54.48 per dollar on Friday, the rupee declined to a low of 54.56 in the early trades at the Interbank Foreign Exchange market.

However, it recovered to 54.27 on heavy capital inflows on expectations of share sale from Government-owned Power Company further boosting the rupee sentiment.

“The euro rallied over 100 basis points over the previous close while capital inflows to the extent of Rs 3,000 crore strengthened the rupee,” said chief dealer with a public sector bank.

The 30-share BSE-benchmark Sensex rose 270 points or 1.40 per cent to end at 19,683 at market closing.

Call rates and G-Secs

After opening flat from its previous close of 7.85 per cent on Thrusday, the inter-bank call money market ended lower at 7.70 per cent. Intra-day, it moved in the 7.60 per cent to 7.85 per cent range.

The widely traded 8.15 per cent government security, which matures in 2022, closed higher at Rs 101.99 from its previous close of Rs 101.85, while the yields declined to 7.83 per cent from 7.86 per cent.

beena.parmar@thehindu.co.in

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