Rupee trading weak at ‘61.37’…


After opening flat from the previous close, the rupee slipped to 61.37 in the evening trade against the dollar due to dollar demand from importers and capital outflows.

The Indian currency had closed at 60.97 on Wednesday. The domestic currency gained to 60.96 in the early trade. However, month-end dollar demand from importers dragged the rupee to 61.37 per dollar at 4.30 p.m. local time.

The interbank call money rate, the rate at which banks borrow short-term funds from one another, was trading a tad higher at 8.05 per cent from 8 per cent.

Prices on the 10-year benchmark 8.40 per cent government security, maturing in 2024, inched up to Rs.99.46 from the previous close of Rs. 99.44. The yield on the bond softened to 8.47 per cent from 8.48 per cent.

Bond prices and yields move in the opposite directions.

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