The rupee today opened lower at 56.10, lowest against the dollar this month, due to a weaker euro and global risk assets that remained under pressure after ratings agency Moody’s downgraded Germany and Netherland’s sovereign outlook to negative.
At 9.50 am, the Indian unit was trading at 56.04 against the dollar trading after touching 55.99 in the early trade.
It had closed at 55.98 on Monday as global risk aversion as pressure mounted on Greece to exit the euro zone. Moody’s has also cited an increased chance of Greece leaving the Euro Zone.
Call rates and G-Secs
The interbank call rates were trading steady at 8 per cent. The call money market had opened at 8.05 per cent from yesterday’s close of 8 per cent.
The 9.15 per cent government bond maturing in 2024 was trading lower at Rs 106.59 (yield: 8.28 per cent) from Monday’s close of Rs 106.74 (yield: 8.26 per cent).
The 8.15 per cent bond maturing in 2022 was trading at Rs 100.48 (yield: 8.07 per cent) from Rs 100.55 (yield: 8.06 per cent) yesterday.
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