The rupee gained 10 paise to end higher at 61.08 a dollar against the previous close of 61.18 on the back of strong inflows in the domestic equity market. The Sensex and the Nifty surged nearly 1.4 per cent at the closing session on Tuesday led by auto, oil and gas, power and banking sector stocks amid firm global cues. The 30-share BSE index Sensex surged 361.53 points to end at 25,880.77 and the 50-share NSE index Nifty jumped 101.70 points to close at 7,727.50.
Call rates fall, bond yields rise
The inter-bank call money rate, at which banks borrow short-term funds from one another to tide over liquidity mismatches, ended lower at 8 per cent from Monday’s close of 8.25 per cent. Yields on the 8.4 per cent 10-year government bond maturing in 2024 hardened to 8.62 per cent against the previous close of 8.59 per cent. Prices fell to ₹98.53 from ₹98.71. Bond prices and yields move in opposite directions.