 Rupee ends higher, bond lowerPublished on Thu, Nov 05, 2009 at 18:33 | Source : Moneycontrol.com Updated at Thu, Nov 05, 2009 at 18:36 Like this story, share it with millions of investors on M3
The rupee ended firm against the US dollar as banks sold the greenback following the rise in local share indices and the dollar's weakness globally. The spot rupee closed higher at Rs 47.01 per USD as against its previous close of Rs 47.04 per USD. Government bonds shed gains as profit taking emerges before 90-billio-rupee auction on Friday. But hope that RBI will keep interest rates low for some more time increased after US Fed kept rates steady on Wednesday, this tempered fall. The widely traded 6.90%, 2019 paper ended lower at Rs 97.40 as against its previous close of Rs 97.74.
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