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The rupee gained 23 paise to end at 60.88 a dollar after closing at an all-time low of 61.11 on Friday due to dollar selling by exporters. The domestic unit opened stronger by 11 paise at 61 a dollar on the back of a recovery in domestic equity market. “The rupee has gained temporarily as the dollar was under pressure due to weak non-farm payroll data in the US. However, this is a temporary phenomenon and the rupee may weaken going forward,” said a treasury head of a public sector bank. In intra-day trades, the Indian currency touched an intra-day low of 61 per dollar and a high of 60.72.
Call rates, bond yields
The inter-bank call money rates, the rates at which banks borrow short-term funds from each other, ended sharply higher at 9.75 per cent from the previous close of 7.50 per cent. The benchmark 7.16 per cent government security, which matures in 2023, ended higher at 92.75 from a previous close of Rs 92.55. Yields on the security softened to 8.25 per cent from the previous close of 8.28 per cent.
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