Rupee up 10 p against $

The rupee on Tuesday gained 10 paise to end the day at 60.11 against the dollar on fag-end selling of the US currency by banks and exporters.

The rupee resumed higher at 60.10 as against its previous closing level of 60.21 at the Interbank Foreign Exchange (Forex) market. It firmed up further to 60.05 per dollar in view of foreign capital inflows into equity markets.

However, it fell to 60.23 before ending at 60.11, a gain of 10 paise from its previous close.

Government securities reacted downwards on fresh selling from banks and corporates, while the overnight call money market rate remained higher due to sustained demand from borrowing banks.      The 8.83 per cent government security maturing in 2023 fell back to Rs 100.3150 from Rs 100.5950, while its yield held steady at 8.79 per cent.

The 8.28 per cent government security maturing in 2027 declined to Rs 94.02 from Rs 94.1950, while its yield moved-up to 9.06 per cent from 9.03 per cent.

The 8.24 per cent government security maturing in 2027 also dipped to Rs 93.84 from Rs 93.97, while its yield gained to 9.06 per cent from 9.04 per cent.