April 28, 2014
According to dealers, the domestic unit is expected to trade between 60 and 61 per dollar
Mumbai: The rupee wiped off its early losses and was trading strong at 60.52 against the dollar at 1.17 p.m. local time due to fresh dollar selling by banks and exporters.
April 28, 2014
According to dealers, the domestic unit is expected to trade between 60 and 61 per dollar
Mumbai: The rupee wiped off its early losses and was trading strong at 60.52 against the dollar at 1.17 p.m. local time due to fresh dollar selling by banks and exporters.
The rupee opened a tad weak at 60.66 per dollar against Friday's close of 60.62 on the back of a flat opening in the domestic equity market.
The dollar index was trading 0.04 per cent higher at 79.79. The overnight call money rate (the rate at which banks borrow money from each other to overcome liquidity mismatches) opened higher at 8.80 per cent against the previous close of 8.75 per cent.
The yield on 10-year benchmark 8.83 per cent bond, maturing in 2023, hardened to 8.7 per cent from the previous close of 8.84 per cent. Prices of the bond rose to ₹99.70 from ₹99.88. Bond yields and prices move in the opposite direction.
Courtesy: The Hindu Business Line
