The rupee slipped to 56.13 to the US dollar in the afternoon trade today on the back of equity markets and weak euro markets awaiting the announcement of bailout package.
At 2.50 pm, the local unit was trading at 56.05 against the dollar. It opened marginally higher at 55.90 from its previous close of 55.93.
“The renegotiation on the euro bailout package has led to the rupee shedding its gains,” said a chief dealer of a public sector bank.
“We see the currency to be capped around 56.15/20 levels at day’s end. Also, we must watch out for the G20 meet today,” the dealer added.
Call rates, G-secs
The call money rates were trading at 8.3 per cent from 8.15 per cent close on Monday. It moved in the range of 8.2 to 8.35 per cent in the afternoon trade.
The 8.79 per cent government security maturing in 2021 was trading higher at Rs 102.52 with a yield of 8.39 per cent. The bond rates had closed at Rs 102.30 at a yield of 8.41 per cent yesterday.
