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The rupee extended gains for a second session on Thursday, largely mirroring equity moves in a subdued trading session, with the focus gradually shifting to the central bank's rate meeting next week. The currency gained early, rising to 61.35 to a dollar, on the back of strong gains in local shares, which breached the key 21,000 mark for the first time in nearly three years. Subsequently, the rupee pared gains as shares turned negative, with traders booking profits. The rupee closed at 61.47 a dollar, compared to 61.59 on Wednesday. It traded in a 61.35-61.69 band in the session.
Bonds recover
Government securities (G-secs) recovered on fresh buying support from banks and companies. The 7.16 per cent G-sec maturing in 2023 climbed to Rs 90.82 from Rs 90.53 previously, while its yield dipped to 8.58 per cent from 8.63 per cent.
Call rates finish lower
Call money rates turned lower at the overnight market here on Thursday due lack of demand from borrowing banks. The rates finished lower, at 8.95 per cent.
