MUMBAI, OCT 24:
The rupee strengthened against the dollar to close at 61.47 due to dollar selling by banks and exporters and a weaker American currency.
Foreign capital inflows also boosted the rupee value against the dollar, said a forex dealer.
The domestic unit opened flat at 61.58 against the dollar as compared to a close of 61.59 on Wednesday. The unit declined to 61.70 due to weaker domestic equity markets. The BSE-benchmark Sensex ended marginally lower by 42 points (0.20 per cent) at 20,725 points.
However, dollar selling by banks and importers strengthened the rupee to 61.35 in the intra-day trade.
In addition, the weakening of US jobs and trade data on Wednesday weighed on the dollar thereby boosting the rupee.
Call Rates and G-Secs
The10-year benchmark 7.16 per cent government security, maturing in 2023, closed higher at Rs 90.82 from Wednesday’s close of Rs 90.53, while the yield softened to 8.58 per cent from 8.63 per cent. Bond prices and yields move in opposite directions.
The overnight call money rate ended slightly lower at 8.95 per cent from its previous close of 8.98 per cent on Wednesday. It moved in a range of 8.90 per cent and 9.05 per cent.(thehindubusinessline)