Published on Tue, Nov 03, 2009 at 17:40 | Source : Moneycontrol.com
Updated at Tue, Nov 03, 2009 at 17:42
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Rupee ends lower, bonds higher
The Indian rupee closed lower 0.95% on FII outflow as local shares ended weak. Demand from oil companies and other importers also weighed. But, exporter dollar sales limited the fall.
The Indian rupee closed lower 0.95% on FII outflow as local shares ended weak. Demand from oil companies and other importers also weighed. But, exporter dollar sales limited the fall.
The spot rupee closed lower at Rs 47.30 per USD as against its previous close of Rs 46.95 per USD.
Government bonds ended sharply higher as with the finance minister's growth and inflation remark, fan hoped that RBI will keep interest rates low for some more time to come. But Friday auctions may have limited gains.
The widely traded 6.90%, 2019 paper ended higher at Rs 97.74 as against its previous close of Rs 97.27.
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