Rupee ends weak, snaps 5-session winning streak

Rupee ended at Rs 61.25 compared with previous close of Rs 61.04 per dollar

The rupee weakened on Wednesday snapping a five-session winning streak due to outflows from domestic equities by foreign investors. According to currency dealers, dollar sale by exporters and the narrowing of November trade deficit helped the rupee from weakening further.

The rupee ended at 61.25 compared with the previous close of 61.04 a dollar. It opened at 61.23 a dollar and during intra-day trades, touched a low of 61.42.

The trade deficit, which narrowed in November as imports hit the lowest level in about two-and-a-half years and rise in exports, was at $9.22 billion compared with $10.56 billion in October.

Bonds end mixed
Government securities (G-secs) ended mixed on bouts of buying and selling. The 8.83 per cent G-sec maturing in 2023 climbed to Rs 100.01 from Rs 99.95 previously, while its yield inched-down to 8.83 per cent from 8.84 per cent.

The 8.28 per cent G-sec maturing in 2027 moved-up to Rs 92.31 from Rs 92.30, while its yield held steady at 9.28 per cent.

Call rates end stable
Call money rates finished steady at the overnight market as demand from borrowing banks matched the supply.