The rupee strengthened to 55.53 against the dollar in intraday trade on hopes of some policy action from the US Federal Reserve later in the day.
The local unit, however, opened lower at 55.75 against the dollar on weaker Asian markets and due to unchanged policy rates.
On Tuesday, the domestic unit had closed at 55.65 after the RBI maintained a status quo on the policy rates citing “persistently high inflation’’.
Call rates and G-Secs
The overnight call money market opened higher at 8.1 per cent. It was trading steady at 8.05 per cent from yesterday’s close.
The 8.15 per cent government bond maturing in 2022 was trading higher at Rs 99.48 against the previous close of Rs 99.35, while the yield was at 8.22 per cent from Tuesday’s close of 8.25 per cent.
The 9.15 per cent bond maturing in 2024 was trading at Rs 105.73 against Rs 105.55, while its yield declined slightly to 8.39 per cent from 8.401 per cent.
