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Paring early losses, the rupee on Thursday gained seven paise to close the 2012-13 financial year at 54.28 against the dollar on renewed selling of the US currency by exporters, amid a fag-end recovery in local equities. The rupee has fallen over seven per cent this financial year from 50.73 on April 3 last year, the first day of trade of 2012-13.
Bonds recover on good demand
Government securities (G-sec) rose on good buying support from banks and companies.
The 8.15 per cent G-sec maturing in 2022 shot up to Rs 101.26 from Rs 101.01 on Tuesday, while its yield declined to 7.95 per cent from 7.99 per cent.
Call rates end higher
Call money rates ended higher due to sustained demand from borrowing banks. The rate finished higher at 8.50 per cent. It moved in a range of 8.50 per cent and eight per cent.
