The rupee ended marginally weaker at 62.19 against the American dollar due to consistent demand for the US currency from corporates and public sector banks.
Yesterday, the domestic unit had closed at 62.15.
The unit opened higher at 62.10 against the dollar on stable capital flows into the domestic equity market. However, BSE-benchmark Sensex ended 79 points weaker (0.29 per cent) at 27,347 at day’s close.
This weighed on the rupee, which declined to 62.22. In addition, the US dollar also strengthened against other major currencies.
Intraday, the rupee moved in a narrow range of 62.08 and 62.22 per dollar at the Interbank Foreign Exchange market.
Call Rates, G-Sec yields
The benchmark government security yields hardened a tad to 7.77 per cent from 7.76 per cent. The price of the security ended slightly weaker at Rs 104.17 from the previous close of Rs 104.20. Bond prices and yields move in opposite directions.
The interbank call money rates, the rates at which banks borrow from each other to overcome liquidity mismatches, closed lower at 7.50 per cent from Tuesday’s close of 8.05 per cent. During the day, the call money market moved in the range of 7.25 per cent and 8.65 per cent range.