Re snaps 2-day decline as exporters sell $

The rupee rose, reversing earlier losses, on speculation exporters sold their overseas earnings after the currency dropped to a one-month low. The rupee rose 0.1 per cent to 54.20 a dollar in Mumbai. The currency touched 54.4450 earlier, the weakest level since January 17.

Bonds close mixed, call rate ends higher
The government securities (G-Sec) closed mixed on alternate bouts of buying and selling, while call money rates at the overnight money market finished higher due to good demand from borrowing banks. The 8.15 per cent G-Sec maturing in 2022 rose to Rs 102.1050 from Rs 102.06 last Friday, while its yield inched down by 7.82 per cent from 7.83 per cent.

The overnight call money rate finished higher at 7.95 per cent from previous closing level of 7.85 per cent. It moved in a range of 8.02 per cent and 7.50 per cent.