The Hindu Business Line : Rupee ends higher; bond prices fall

The rupee opened at 43.62/63 and closed at 43.58/59, up from Wednesday's 43.65/66. A dealer at a private bank said, On Wednesday, about $95 million worth of funds had entered the market. The exporters have also been selling dollars."

In the forwards market, the 12-month closed at 1.25 per cent (1.29) and the 6-month at 1.39 per cent (1.39).

In the bond market, prices fell by 30-80 paise. Dealers said there was continued concern about the tightening liquidity. The 8.07-12 year-2017 paper opened at Rs 108.40 (6.99 per cent YTM), touched a low of Rs 107.85, but finally closed at Rs 107.90 (7.06 per cent YTM).

The 7.38-10 year-2015 benchmark paper opened at Rs 103.42 (6.90 per cent YTM) and closed at Rs 103.05 (6.96 per cent YTM), down from Wednesday's Rs 103.48 (6.90 per cent YTM). Call rates closed at 4.90-5 per cent (5-5.10). In the one-day reverse repo, RBI received and accepted 23 bids amounting to Rs 10,235 crore. In the CBLO market, there were 196 trades, aggregating Rs 8,301.85 crore, in the rate range of 4.66 to 5.10 per cent.

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