The rupee opened a tad higher at 55.53 against the dollar from Tuesday's close of 55.57 as the euro remained stable.
The rupee was trading strong as the euro remained at a near seven-week high after the European Central Bank expressed hopes that it will act on containing Greece’s rising borrowing costs.
The rupee had strengthened to its highest level in more than a week on Tuesday tracking stronger euro and domestic equity markets. It has largely remained range-bound in August over Euro Zone uncertainty.
Call rates and G-secs
The overnight call money rates were trading stable at 8 per cent on demand-supply match from the banks. It had closed at 8 per cent on Tuesday.
The 8.15 per cent government bond maturing in 2022 was trading slightly higher at Rs 99.36 from Rs 99.34, while its yield was at 8.24 per cent from 8.25 per cent on Tuesday.
The 8.33 per cent bond maturing in 2026 was trading lower at Rs 99.36 from Rs 99.41, while its yield was flat at 8.4 per cent from Tuesday’s close.
