Paring initial gains, the rupee ended 7 paise weaker against the dollar at 59.74 due to capital outflows at the end of the trading session. The domestic unit saw its biggest single day gain in seven weeks on Wednesday ending 40 paise stronger at 59.67. The unit opened flat at 59.66 a dollar after which it appreciated to 59.52 at the Interbank Foreign Exchange market. Heavy inflows into the domestic equity market supported the rupee.
Call money, bond yields end flat
The inter-bank call money rates, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, ended almost flat at 7.01 per cent on Thursday from 7 per cent on Wednesday. The benchmark 8.83 per cent Government security which matures in 2023, also closed flat at ₹ 101.07 from the previous close of ₹101.08 and the yield remained unchanged at 8.65 per cent. Bond prices and yields move in the opposite direction.