The rupee ended eight paise higher at 61.06 against the dollar compared to the previous close of 61.14 on the back of weakness in the American currency in overseas markets. Forex dealers said that besides this, selling of the dollar by exporters and banks supported the rupee. According to dealers, investors will be closely tracking the US Federal Reserve meet over the next two days on the possibility of a US rate hike. Our Bureau
Call rates, bond yields down
In intra-day trade, the domestic unit touched a high of 61.01 and a low of 61.14.
The interbank call money rate, the rate at which banks borrow short-term funds from one another, ended lower at 7.80 per cent against the previous close of 7.05 per cent.
The 8.40 per cent government security maturing in 2024, opened higher at Rs. 99.34 from Monday’s close of Rs. 99.31, while its yield softened to 8.49 per cent against the previous close of 8.50 per cent.