The rupee was trading up by 49 paise at 61.91 against the dollar at 1.35 p.m. local time due to increased selling of the US currency owing to sustained capital inflows into the equity market by foreign funds amid firm equities.
The rupee gained 22 paise to 62.18 per dollar in the opening trade against the previous close of 62.40.
The rupee hovered in the range of 61.91-62.33 levels.
On Monday, the domestic unit had logged its biggest gain in about one-and-a-half month as it strengthened by 71 paise.
The dollar fell to its weakest level in more than a week following comments by Janet Yellen, US Federal Reserve’s next chief, that she will continue the $85 billion-a-month monetary stimulus programme. This boosted all Asian currencies.
Call rates, G-secs
The overnight call money rate, the rate at which banks borrow short-term funds from each other, opened flat against the previous close of 8.75 per cent.
Yield on the 10-year benchmark bond, 7.16 per cent maturing in 2023, hardened to 9.05 per cent against the previous close of 9.02 per cent.
The rupee gained 22 paise to 62.18 per dollar in the opening trade against the previous close of 62.40.
The rupee hovered in the range of 61.91-62.33 levels.
On Monday, the domestic unit had logged its biggest gain in about one-and-a-half month as it strengthened by 71 paise.
The dollar fell to its weakest level in more than a week following comments by Janet Yellen, US Federal Reserve’s next chief, that she will continue the $85 billion-a-month monetary stimulus programme. This boosted all Asian currencies.
Call rates, G-secs
The overnight call money rate, the rate at which banks borrow short-term funds from each other, opened flat against the previous close of 8.75 per cent.
Yield on the 10-year benchmark bond, 7.16 per cent maturing in 2023, hardened to 9.05 per cent against the previous close of 9.02 per cent.
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