Rs down 10 paise on renewed $ demand

Tracking losses in the local stock market, the rupee on Thursday lost 10 paise to close at 53.92 due to renewed dollar demand, driven by strengthening of the US currency.

The local unit resumed lower at 53.85 against yesterday’s close of 53.82 a dollar at the Interbank Foreign Exchange Market. It moved in a tight range of 53.81-53.97 during the day.

Bonds higher

Government securities (G-sec) surged on sustained demand from banks and companies. The 8.15 per cent G-sec maturing in 2022 rose to Rs 102.15 from Rs 101.9750 yesterday, while its yield moved down to 7.82 per cent from 7.84 per cent.
 
Call rate ends steady
Call money rates also ended steady here on Thursday, as demand from borrowing banks matched supplies. The rate finished stable at 7.85 per cent.