Rupee opens marginally weak

25-July-2014
Rupee opens marginally weak

The rupee opened marginally weak at 60.13 per dollar against the previous close of 60.11 against the dollar on Friday on the back of month-end dollar demand from importers.

At 9.48 am, the rupee was trading at 60.15. The dollar index, which measures the US currency’s strength against major global currencies, was trading marginally lower at 80.84, against its previous close of 80.87.

Call rates, Bonds The inter-bank call money rate, the rate at which banks borrow short-term funds from one another to tide over liquidity mismatches, opened flat at 9 per cent.

Yield on the benchmark 8.83 per cent government bond maturing in 2023 softened 8.64 per cent from Thursday’s close of 8.65 per cent. The prices on the security opened higher at Rs 101.17 from Rs 101.14. Bond yields and prices move in opposite directions.

Source : thehindubusinessline.com

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