Sentiment: Lacklustre Trading in gilts was subdued in view of the Rs 6,500 crore state loan auction. The benchmark 7.27 per cent 2013 gilt ended flat at 5.03 per cent. Call firmed up a tad to 4.55-4.60 per cent level in view of the state loan auction. There was routine demand for funds from banks to cover their daily reserve requirements. The RBI received 21 bids aggregating Rs 7,090 crore at the one-day repo auction. Forex market Market Sentiment: Bullish The rupee ended lower at 45.41/42 amid dollar demand from corporates and Haj pilgrims. The six-month annualised forward dollar ended at a discount of 0.04 per cent. Outlook The rupee is expected to trade in the 45.30-45.45 band per dollar tomorrow.
