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TH:Rupee pares early gains; trading at 55.06 against dollar
 
The rupee partly wiped off its early gains in the mid-session today. At 1.33 pm, the domestic unit was trading at 55.06 against the dollar.

In the opening session, the rupee jumped over one-week high against the dollar today to touch the 54-mark on positive global markets and dollar selling.

It opened at 54.92 from Friday’s close of 55.15.

Investors will eye the US Federal Reserve’s stance this week over stronger monetary policy to support US recovery.

Call Rates and G-Secs

The interbank call rates were trading higher at 8.1 per cent after opening at 8.15 per cent. The call money market had closed at 8 per cent on Friday.

The 9.15 per cent government security maturing in 2024 was trading marginally lower at Rs 106.81 (yield: 8.25 per cent) from a close of Rs 106.27 (yield: 8.32 per cent) on Friday.

The 8.15 per cent bond maturing in 2022 was trading at Rs 100.81 (yield 8.02 per cent) from its previous close of Rs 100.34 (yield: 8.09 per cent).
Source