Rupee down 8 paise; bonds rise, call rates end higher

In a dull and listless trade, the rupee on Monday lost eight paise to close the day at 61.62 against the dollar on demand for the US currency from importers. The domestic currency resumed lower at 61.65 a dollar from last weekend's close of 61.54 at the Interbank Foreign Exchange market. It was trapped in a narrow range of 61.54 and 61.67 before ending the day at 61.62, a fall of 8 paise.

Bonds rise, call rates end higher
Government securities bonds rose on buying support from banks and corporates and the overnight call money rates ended higher at the overnight call money market here on Monday, following sustained demand from borrowing banks.

The 8.83 per cent government security maturing in 2023 shot up to Rs 102.04 from Rs 101.31 previously, while its yield declined to 8.52 per cent from 8.63 per cent.

The overnight call money rate closed higher at 8.55 per cent from 7.25 per cent last Friday. It moved in a range of 8.80 per cent and 8.50 per cent.

Call rates end low
Call money rates finished lower at the overnight market.