The Indian rupee ended lower as banks bought dollars for FIIs as local shares ended weak. Banks also bought dollars noting rise in NDF dollar/rupee rate. But, exporter dollar sales limited fall.
The spot rupee ended lower at Rs 50.32 per USD as against its previous close of Rs 49.86.
The government bonds ended off day's high as market remained divided over the possibility of a rate cut from RBI Tuesday. RBI's macroeconomic report also did not provide any cues on rate actions. But surplus liquidity supported market at lower levels.
The widely traded 6.05%, 2019 paper closed higher at Rs 97.56 as against its previous close of Rs 97.43.
