Markets Report

Money market

Market Sentiment: Bullish

Prices of government securities moved in a narrow range.

Select medium- and long-term papers ended with minor losses due to renewed selling.

The benchmark ten-year security, 9.81 per cent 2013, edged down to Rs 134.10.

Call money rates remained below the repo rate owing to plenty of liquidity in the system. The rates closed at 4.25-4.50 per cent.

The RBI received repo subscriptions worth Rs 32,900 crore.

Forex market

Market Sentiment: Bullish

The rupee dipped sharply to 45.91/92 per dollar due to dollar demand from corporates and importers, and also partly due to the greenback