The rupee jumped 21 paise to a two-and-a-half month high of ~50.10/11 against the US dollar on the back of sustained capital inflows and weakness in the American currency overseas.
Bonds gain
10-year bonds gained, pushing yields to an eight-month low. The debt market had priced in a reduction in the cash reserve ratio. The call money rate moved in a range of 9.10 per cent and 8.60 per cent before closing at 8.60 per cent.