Re gains to strongest close on reform steps

The rupee closed at the strongest level since May on optimism at efforts by policy makers to consolidate government finances and lure foreign investors to spur growth, boosting capital inflows.

The currency ended little changed at 54.00 per dollar in Mumbai, the strongest close since May 15.

Bonds recover on good demand
Government securities (G-sec) recovered on good buying support from banks and companies. The 8.33 per cent G-sec maturing in 2026 climbed to Rs 100.27 from Rs 100.07 yesterday.

Call rates end higher
Call rates remained higher on good demand from borrowing banks. The rate ended higher at 8.05 per cent.