Rupee snaps 2-day gain, marginally down

The currency ends at 53.82 on fresh demand of the foreign currency from importers

The rupee today snapped its last two days of gains against the dollar and ended marginally down by one paise at 53.82 on fresh demand of the foreign currency from importers amidst firm dollar in abroad market.

The rupee resumed higher at 53.69 a dollar against the previous close of 53.80 a dollar at the Interbank Foreign Exchange Market and firmed up further to a high of 53.67 a dollar on its selling by banks and exporters on the back of sustained capital inflows from foreign funds.

Bonds maintain its uptrend
Government securities (G-sec) surge on consistent demand from banks and companies. The 8.15 per cent G-sec maturing in 2022 rose to Rs 102.74 from Rs 102.69 previously, while its yield edged down to 7.72 per cent from 7.73 per cent. The 8.33 per cent G-sec maturing in 2026 gained to Rs 104.48 from Rs 104.41, while its yield inched down to 7.78 per cent from 7.79 per cent. The 8.20 per cent G-sec maturing in 2025 also climbed to Rs 103.40 from Rs 103.32, while its yield moved down to 7.77 per cent from 7.78 per cent.

Call rates end lower
The rates ended lower due to lack of demand from borrowing banks. It finished lower at 7.50 per cent from the previous close of 8.25 per cent.