The rupee was trading strong by 19 paise at 61.35 against the dollar at 11.55 a.m. local time.
The rupee gained 14 paise to 61.40 per dollar in the opening trade
against the previous close of 61.54 on the back of stable capital
inflows. (Today Business News)
“The net FII investment in the debt market has risen by $2 billion, with
fresh inflows into Indian bonds. FIIs claim Indian debt has turned
attractive again, as bond yields are high and the forward premia, or
hedging cost, has also declined from the highs touched in August,” said
Abhishek Goenka, Founder and CEO, India Forex Advisors.
Call rates, government securities
The inter-bank call money rate, the rate at which banks borrow
short-term money from each other, opened higher at 8.75 per cent against
the previous close of 8.80 per cent. Read more..
Source: Hindi News
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