The Indian rupee ended lower as banks bought dollars for importers to meet their month end demand. Weak shares also weighed on rupee. But, exporter dollar sales limited the fall.
The spot rupee ended lower at Rs 48.60 per USD as against its previous close of Rs 48.55.
The government bonds closed steady as investors prefered to stay on sidelines before 150 billion rupee auctions on Friday. Lack of clarity on upside to government borrowing could also keep mood cautious.
The widely traded 6.07%, 2014 paper closed flat at Rs 98.08 as against its previous close of Rs 98.06.
