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| Forex market |
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| Outlook: The spot rupee may open in the range of 45.00-45.05 to a dollar today. |
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| Sentiment: Bullish |
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- The spot rupee, which opened at 45.0350/0450 to a dollar, slipped to 45.1350 on the back of dollar buying by major domestic corporates.
- The rupee-dollar exchange rate closed higher at 45.02/03 on dollar sales by public sector banks on behalf of RBI.
- Forward dollar premiums came off with the six-month and one-year forwards closing at 0.06 per cent and 0.14 per cent, respectively.
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| Money market |
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| Sentiment: Bearish |
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- Lack of buying interest led to across-the-board fall in government security prices.
- Long-term government security prices declined by around 35-40 paise, while medium-term papers moved up by 15-20 paise.
- The 10-year benchmark 7.37 per cent 2014 paper closed at 5.28 per cent.
- Call money rates ruled in the range of 4.25-4.3 per cent, while repo subscriptions were worth Rs 11,250 crore.
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