Breaching 62 levels, the rupee weakened to 62.02 against the dollar due to flat capital flows and demand for the American currency from foreign banks. The Indian unit had ended at 61.89 on Tuesday.
Wednesday, it opened 7 paise weaker at 61.96 per dollar on the continued sentiments of weaker domestic equity markets. The rupee strengthened a tad to 61.91 on mild capital inflows.
The rupee declined to 62.05 dragged down by sentiments amid a weaker domestic equity market for the past few trading days and dollar demand.
Market investors will watch out for the data on inflation and trade deficit, due to be announced later this month.
Call Rates and G-secs
The overnight call money rates, rates at which banks borrow from each other for liquidity mismatches, ended weaker at 8 per cent from the previous close of 8.25 per cent.
The 10-year benchmark government security (8.40 per cent G-Sec, maturing in 2024) yield closed flat at 7.90 per cent, while the price ended a tad lower at Rs 103.26 from Rs 103.30. Bond yields and prices move in the opposite direction.