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Our Bureau

MUMBAI: The rupee weakened against the dollar on Monday. The greenback was buoyant against other major currencies on strong US economic data.

However, the decline was cushioned by strong dollar inflows.

The rupee opened at 43.55/56 and was range-bound between 43.53-43.56 during the day. It ended at 43.5450/55, weaker than Friday's close of 43.4850.

In the forward premia market, there was a slight rise as the 12-month closed at 1.38 per cent (1.35) and the 6-month closed at 1.60 per cent (1.54).

Bond prices fell by about 15-20 paise on concerns of liquidity and ahead of the Rs 10,000-crore auction scheduled on Tuesday, dealers said. Though the market opened firm, it dipped due to lack of buying support.

The 7.55 per cent 5-year 2010 paper opened at Rs 103.35 (6.73 per cent YTM) and closed at Rs 103.20 (6.74 per cent YTM).

The 7.37 per cent 9-year 2014 paper opened at Rs 102.18 (7.04 per cent YTM) and ended at Rs 102.07 (7.05 per cent YTM), lower than Friday's close of Rs 102.75/80 (6.94/95 per cent YTM).

The 7.38 per cent 10-year benchmark paper was dealt at Rs 102.20 (7.08 per cent YTM) against Friday's level of Rs 103 (6.97 per cent YTM).

The 8.07 per cent 12-year paper was not active, said dealers. It opened at Rs 107.85 (7.06 per cent YTM) and ended trade at Rs 107.75/80 (7.08 YTM), lower from Friday's close of Rs 108.60 (6.97 per cent YTM).

Call rates were between 5.05-5.75 per cent. In the one-day reverse repo auction, the RBI received and accepted 15 bids amounting to Rs 10,785 crore.

In the CBLO market, the trades touched a record high of Rs 12,456.20 crore. A total of 287 trades were put through in the rate range of 4.90-5.75 per cent.

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