Business Standard

Rupee logs second worst closing

Related News

The continued its downslide for the third day in a row and declined by 19 paise to end at 56.15, its second lowest closing in history, against the as cautious importers bought dollars in late trade ahead of outcome from the key meeting. At the (Forex) market, the domestic unit opened higher at 55.92 a dollar from previous close of 55.96.

Bonds end mixed
The (G-Sec) ended mixed on alternate bouts of buying and selling. The 8.15 per cent G-Sec maturing in 2022 moved down to Rs 100.24 from Tuesday’s level of Rs 100.26, while its yield held steady at 8.11 per cent. The 8.19 per cent G-sec maturing in 2020 softened to Rs 99.52 from Rs 99.53, while its yield ruled stable at 8.27 per cent.

recover
Call rates recovered on the overnight call money market due to fresh demand from borrowing banks following limited liquidity in the banking system. The overnight call money rate finished higher at 8.10 per cent from Tuesday’s closing level of eight per cent. It moved in a range of of 8.3 per cent and 8.1 per cent. Reserve Bank of India (RBI) under LAF purchased securities worth Rs 1,25,340 crore from 49 bids at the one-day repo auction at a fixed rate of eight per cent.

Read more on:   
|
|
|
|
|
|

Read More

Rupee gains most in 3 yrs as risk assets rally

The rupee posted its biggest daily gain in three years on Friday after the government confirmed it will not impose retroactive taxes on foreign ...

Quick Links

More news from Finance Rss icon

West Bengal advises MFIs to rope in clients for Jan Dhan Yojna

MFIs too deliberate migrating to banking platform

Vigilance Commission questions top-level appointments in PSBs

The names of the officials were shortlisted during the tenure of the last UPA government

UBI declares Mallya wilful defaulter

Kingfisher Airlines says it will contest bank's move in Supreme Court

Back to Top