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The rupee fell in the second half of the trading session to close at 55.33 against the dollar.
The local unit opened at over one-week high against the dollar today to touch the 54-mark on higher dollar inflow. It opened at 54.92 from Friday’s close of 55.15. In the early session, the rupee touched 54.77 against the dollar.
The rupee largely tracked the stock markets on Monday. Sensex and Nifty closed down 0.6 per cent each at 17,103 points and 5,197 points, respectively.
“The rupee broadly tracked the markets today…it also fell later in the day on weakness in the euro,” a dealer with a public sector bank said. “It was expected that a lot of dollar selling will happen, but not much of that happened.”
Investors will watch the US Federal Reserve’s stance this week over stronger monetary policy to support US recovery.
Call Rates and G-Secs
The interbank call rates closed lower at 7.90 per cent from Friday’s close of 8 per cent.
The more widely traded, 9.15 per cent government security maturing in 2024, closed at Rs 106.68 (yield: 8.27 per cent) compared with a close of Rs 106.27 (yield: 8.32 per cent) on Friday.
The 8.15 per cent security maturing in 2022 closed at Rs 100.67 (yield (8.05 per cent) compared with its previous close of Rs 100.34 (yield: 8.09 per cent).
satyanarayan.iyer@thehindu.co.in
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