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Amid a narrow movement, the rupee ended a tad softer at 60.20 against the dollar due to demand for the American currency from importers and banks.
The domestic unit had closed at 60.18 on Friday.
Monday, it opened higher at 60.11 on capital flows in the early morning trades into the domestic equity market.
It appreciated to 60.05 per dollar as Asian currencies on the back of higher-than-expected Chinese manufacturing survey.
However, oil importers’ demand for dollars was a drag on the rupee, which declined to 60.27 in the afternoon trades.
Further, the BSE-benchmark Sensex pared gains to end weaker at 25,031 points, lower by 74 points (0.30 per cent) over its previous close.
Market investors expect the rupee to trade with a downward bias due to persistent concerns over the rise in global oil prices.
Call money rates, Bond yields
The overnight call money rate ended weaker at 8.25 per cent from a close of 8.50 per cent on Friday. The call money rates moved in a range of 7.65 per cent to 8.25 per cent.
Continuing from the fall last week, the 8.83 per cent benchmark bond maturing in 2023 declined to Rs 100.35 from Rs 100.66, while its yield hardened to 8.77 per cent as compared to 8.72 per cent.
Bond prices and yields move in the opposite directions.
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