6 september 2005

rupee strengthens further - gains 5 paise
mumbai: the rupee strengthened further against the dollar on monday on the back of a revival in foreign institutional inflows. the domestic currency closed at 43.81, up from friday's level of 43.86/87. the price of global crude, which eased to us$66.90, also aided the recovery.

forwards market: the 12-month closed at 0.61 per cent (0.5 per cent) and the 6-month closed at 0.52/53 per cent (0.45 per cent).

g-secs: the 10.25-16 year-2021 paper closed at rs126.41 (7.38 per cent ytm) against its friday close at rs126.06 (7.42 per cent ytm). the 7.37-9 year-2014 paper closed at rs102.55 (6.97 per cent ytm), higher than friday's close of rs102.42 (6.99 per cent). the 7.38-10 year-2015 paper was dealt at rs102.50 (7.03 per cent ytm), up from friday's rs102.35 (7.05 per cent ytm).

call rates: the inter bank rates closed at 4.90-5 per cent.