The rupee strengthened to 55.34 in afternoon trade today on fresh dollar selling by foreign banks.
The domestic currency opened higher at 55.65 from a close of 55.94 against the dollar on Thursday. At 1.48 p.m., it was trading higher at 55.34 after a movement of about 60 paise in the intra-day trade.
The rupee fell for a second consecutive session on Thursday on weak equity markets and dollar demand on slowdown fears in global economy.
Call Rates and G-Secs
The interbank call rates opened flat at 8.15 per cent from Thursday's close (8.15 per cent). Currently, the call money rate was trading lower at 8.10 per cent.
The 9.15 per cent government bond that matures in 2024 was trading lower at Rs 106.25 from its previous close of Rs 106.34, while its yield held steady at 8.32 per cent.
The 8.15 per cent government bond maturing in 2022 was trading lower at Rs 100.22 from yesterday’s close of Rs 100.30, while its yield was slightly higher at 8.11 per cent from 8.10 per cent.
