At 1.15 pm, the rupee was trading steady at 55.15 against the dollar as the greenback strengthened against other foreign currencies. The euro fell against the dollar on Spain’s fiscal worries.
After a weak opening at 55.28, the rupee recovered to 55.09 against the dollar amid hopes of reforms push after the Presidential polls that took place yesterday.
The domestic unit had closed at 55.13 on Thursday at the Interbank Foreign Exchange market.
Analysts expect the rupee to stay volatile in the week ahead.
Call Rates and G-Secs
The interbank call rates were trading lower at 7.95 per cent after opening higher at 8.10 per cent. The call money market had closed at 8 per cent on Thursday.
The bond market was trading steady on lower demand. The 8.15 per cent government security maturing in 2022 was trading slightly lower at Rs 100.48 (yield: 8.07 per cent) from a close of Rs 100.42 (yield: 8.08 per cent) on Thursday.
The 9.15 per cent security maturing in 2024 was trading higher at Rs 106.51 (yield: 8.29 per cent) from its previous close of 106.43 (8.30 per cent).
