Mumbai, Dec 19:
The rupee fell for the third day day to open 16 paise weaker at 62.25 per dollar against the previous close of 62.09 on US Federal Reserve announcement that it would start its tapering programme in January.
At 10.07 a.m, the rupee was trading at 62.41 against the dollar.
The Fed will buy $75 billion on bonds a month next month, down from the $85 billion monthly asset purchases it has made for a year, the Federal Open Market Committee said after a two-day monetary policy meeting.
On Tuesday, the rupee sentiment was buoyed after RBI Governor Raghuram Rajan surprised the markets by leaving the repo rate and CRR unchanged at 7.75 per cent and 4 per cent, respectively.
Call rates
The inter-bank call money rate, the rate at which banks borrow from each other to meet their short-term requirements, opened flat from the previous close of 8.90 per cent.
The 8.83 per cent G-sec, which matures in 2023, opened flat at Rs Rs 100.25 . Yield on the security hardened a tad 8.79 per cent from 8.78 per cent.
(This article was published on December 19, 2013)
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