Comments
The rupee on Wednesday ended a tad stronger at 61.53 to the dollar against the previous close of 61.55 amid thin trading volumes and gains in the domestic equity market. A dealer with a public sector bank said the nationwide bank union strike contributed to thin trading volumes. According to a note by India Forex Advisors, the domestic currency was trading in a narrow band in the absence of major drivers from the US zone.
Call rates, bond yields dip
The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, ended lower at 7.50 per cent from the previous close of 8.95 per cent. Yield on the 10-year benchmark 8.40 per cent government security, maturing in 2024, softened to 8.15 per cent from the previous close of 8.17 per cent. The price of the bond rose to ₹101.58 from ₹101.39.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.