Rupee declines against dollar
Mumbai: The rupee fell against the dollar on Thursday on dollars buying by public sector banks. The Indian currency opened at 44.19/20 and touched an intra-day low of 44.2850 to close the day at 44.25, against Wednesday's close at 44.1850/1950. Dealers said nationalised banks were buying dollars on behalf of the central bank, which pulled the rupee down.

In forwards, the 6-month closed at 3.09 per cent (3.03) and the 12-month at 2.93 per cent (2.93).

Bonds: Bond prices fell by about 27 paise and yields rose by five basis.

Total traded volumes in the order matching system dropped significantly to Rs2, 030 crore against Wednesday's Rs6,135 crore.

G-secs: The 7.37-7 year-2014 paper (most actively traded paper) opened at Rs96.85 (7.95 per cent YTM) and closed at Rs96.63 per cent (7.99 per cent YTM) against Wednesday's Rs96.91 (7.94 per cent YTM).

The 8.07 per cent-10 year-2017 paper opened at Rs100.95 (7.92 per cent YTM) and closed at Rs100.73 (7.96 per cent YTM) against the previous close of Rs101 (7.92 per cent YTM).

Call rates: Call rates closed at 6.40 - 6.50 per cent on Thursday against the previous close of 6.80 - 7.00 per cent.

Reverse repo: In the first one-day reverse repo auction, the RBI received and accepted one bid for Rs25 crore. In the second one-day reverse repo auction, it received and accepted seventeen bids for Rs9,020 crore. There were no bids in the first and second one-day repo auction.

CBLO: The CBLO market saw 398 trades aggregating to Rs23,946.50 crore in the 5.75-7.25 per cent range.
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