Rupee rises marginally…

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The rupee ended marginally higher at 61.39 to the dollar against the previous close of 61.42 amid weakness in the domestic equity market. According to dealers, the domestic unit is range-bound, tracking the dollar overseas. In intra-day trades, the domestic unit touched a high of 61.34 and a low of 61.54.

The inter-bank call money rate, the rate at which banks borrow short-term money from each other, ended higher at 8.10 per cent against the previous close of 7.35 per cent. Yield on the 8.40 per cent Government bond maturing in 2024 softened to 8.40 per cent against the previous close of 8.45 per cent. The price of the security rose to 99.93 against the previous close of 99.63.

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