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Rupee weakens as FII investments reduce to a trickle
Mumbai: The rupee slid to a near three-month low on the back of a fall in foreign institutional inflows into the Indian equity markets and a strong dollar demand in the wake of firming crude oil prices. The rupee closed at 43.73/74.
The rupee has been weakening over the past few days with FII investment in the country reducing to a trickle — US$2.20mn on Monday and US$13.90mn on Tuesday. This is a reversal of the trend of huge inflows during the beginning of the month, with the week ending August 5 recording FII inflows of $ 582.7 million.

Forwards market: The 12-month premia ended at 0.67 per cent (0.75) and the 6-month closed at 0.73 per cent (0.71).

G-Secs: The 10.25-16 year-2021 paper closed at Rs125.45 (7.47 per cent YTM), higher than Tuesday's close at Rs125.36 (7.48 per cent YTM). The 7.37-9 year-2014 paper closed at Rs102.03 (7.05 per cent YTM), the same level as Tuesday's Rs102.03 (7.05 per cent YTM). The 7.38-10 year-2015 benchmark paper was dealt at Rs102.10 (7.08 per cent YTM), lower than Tuesday's closing at Rs102.16 (7.07 per cent YTM).

Call rates: The inter bank rates closed at 5-5.05 per cent (4.90-5).

Reverse repo: In the one-day auction the RBI received and accepted 43 bids amounting to Rs35,030 crore.

CBLO market: 194 trades for Rs7,348.20 crore, in the rate range of 4.85-5 per cent, were realised.
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