Rupee near one-week low

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Agencies Mumbai
Last Updated : Oct 23 2013 | 12:09 AM IST
The rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of US non-farm payroll data. A private chemical firm bought around $200 million early in the session and state-run banks bought dollars for meeting the government's defence payments, dealers said. The partially convertible currency, however, continued to remain supported by foreign fund inflows into local shares. The rupee closed at 61.65/66 a dollar, compared to 61.52/53 on Monday. It fell to 61.83 in the session, its lowest since October 16.

Bonds end mixed
Government securities (G-secs) ended mixed on bouts of buying and selling. The 7.16 per cent G-sec maturing in 2023 declined to Rs 90.68 from Rs 90.70 previously, while its yield edged up to 8.61 per cent from 8.60 per cent.

Call rates finish stable
Call money rates finished steady at the overnight market as demands from borrowing banks matched supplies. The overnight rates finished steady at nine per cent. It moved in a range of 9.05 and 8.85 per cent.

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First Published: Oct 23 2013 | 12:09 AM IST

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