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The Indian rupee today appreciated by 23 paise to close at 54.75 against the US dollar following sustained selling of the American currency by exporters and some banks amid persistent capital inflows.
The rupee commenced slightly weak at 55.00 a dollar from previous close of 54.98 at the Interbank Foreign Exchange (Forex) market and immediately touched a low of 55.07.
However, it later bounced back to a high of 54.70 on dollar selling by exporters and some banks and increased foreign funds inflow in equities.
The domestic currency ended the day at 54.75, showing a rise of 23 paise or 0.42 per cent, extending gains for the second straight session.
Call Rates, G-Secs
The inter-bank call money market opened flat from Tuesday’s close of 8.10 per cent. Currently, the rates were trading at 8.08 per cent after touching a high of 8.15 per cent in the early trade.
The 8.15 per cent Government security, which matures in 2022, was trading higher at Rs 101.67 from the previous close of Rs 101.58, while the yields marginally lowered to 7.89 per cent from 7.90 per cent.
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