The rupee ended lower as foreign banks bought dollars for FIIs because of weak local share indices. Demand from oil companies added to demand.
The spot rupee closed lower at Rs 40.34 against its previous close of Rs 40.26.
The widely traded 7.49%, 2017 paper closed lower at Rs 97.70 against its previous close of Rs 98.10.
The bonds ended lower. Banks and primary dealers trimmed positions as uncertainty surrounded. RBI's monetary policy review on Tuesday. Market ignored cutoffs at T-bills and MSS bond auctions as they met estimates. Mood seen cautious till policy.
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