The rupee on Monday retreated from a seven-week high, dropping 35 paise to close at 61.80 against the dollar, after stocks weakened on concerns about the continuing US government shutdown. Fresh dollar demand from importers also dragged the rupee lower, ending three sessions of gains for the currency.
Bonds turn bearish
Government bonds turned bearish on selling pressure from banks and companies. The 7.16 per cent government security maturing in 2023 eased to Rs 90.19 from Rs 90.61 previously, while its yield rose to 8.68 per cent from 8.61 per cent.
Call rates finish higher
Call rates ended higher at the overnight market on good demand from borrowing banks. The rates finished higher at 9.45 per cent from Friday's 7.25 per cent, it moved in a range of 10 per cent and 9.30 per cent.
Bonds turn bearish
Government bonds turned bearish on selling pressure from banks and companies. The 7.16 per cent government security maturing in 2023 eased to Rs 90.19 from Rs 90.61 previously, while its yield rose to 8.68 per cent from 8.61 per cent.
Call rates finish higher
Call rates ended higher at the overnight market on good demand from borrowing banks. The rates finished higher at 9.45 per cent from Friday's 7.25 per cent, it moved in a range of 10 per cent and 9.30 per cent.
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