The rupee fell sharply to end 76 paise weaker at 62.39 to the dollar against the previous close of 61.63 on sustained dollar demand from banks and importers amid weakness in the domestic equity market.
According to a dealer from a public sector bank, the expectation that the RBI may wind down the special forex swap window for oil marketing companies has put pressure on the domestic unit.
The overnight call money rate ended sharply higher at 8.75 per cent against the previous close of 7 per cent.
Yield on the 10-year benchmark 7.16 per cent 2023 government bond hardened to 8.81 per cent from its previous close of 8.73 per cent.