Rupee up 11 paise at 55.69 against dollar

MUMBAI, JUNE 15: 

The rupee opened higher at 55.68 against the American currency on the back of positive Asian markets and global cues.

At 10.00 am, the Indian unit stayed range-bound and was trading at 55.69 to the US dollar.

“The rupee is likely to surge at 55.30 levels on positive global sentiments,” said Mr N.S. Venkatesh, Head of Treasury, IDBI Bank.

The rupee had closed lower at 55.80 on Thursday.

Aggressive Quantitative 3 (Q3) easing and
Operation Twist if implemented by the Federal Reserve may bring in more optimism for the Indian markets, Mr Venkatesh added.

Call rates, G-secs

The call money rates opened at 8.10 per cent from the previous close of 7.95 per cent. Currently, it was trading at 8.15 per cent.

The 9.15 per cent government bond maturing in 2024 was trading lower at Rs 105.73 with a rise in yield of 8.39 per cent. It had closed lower at Rs 106.00 with the yield climbing to 8.36 per cent.

The benchmark 8.79 per cent security maturing in 2021 was trading lower at Rs 102.68 from yesterday’s close of Rs 102.96. The yield climbed to 8.36 per cent from 8.33 per cent on Thursday.

source: http://www.thehindubusinessline.com/markets/forex/article3531215.ece


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