The Indian rupee ended higher at near eight-week high on FII inflows. Banks also sold dollars noting its fall versus most Asian units. But oil companies andother importers' dollar demand limited the rise.
The spot rupee closed higher at Rs 47.75 per USD as against its previous close of Rs 48.10 per USD.
The governments bonds ended lower as sentiment turned somber after RBI Governor announced that no calendar for OMO purchases in Oct-Mar period will be announced. Undertone were also bearish as RBI yet to reach decision on HTM cap hike issue.
The widely traded 6.90%, 2019 paper closed lower at Rs 97.75 as against its previous close of Rs 97.95.
