Sentiment: Bullish Call money rates firmed up to 6.5 per cent due to liquidity crunch. The sentiment, however, improved after a PSU banker reinforced soft rate bias and the US Fed kept its funds rate unchanged at 1 per cent. Prices of government securities strenghtened on buying demand at lower levels. The ten-year benchmark security 7.27 per cent 2013 dipped to 5.10 per cent from 5.18 per cent on Tuesday. Forex market Market Sentiment: Bullish The rupee opened and closed around 45.31/32, while plunging to intraday lows of 45.27/28. Forward premiums went up initially following corporates and interbank demand, but came off towards the end. Outlook The spot rupee is expected to open around 45. 32/34 per dollar on Thursday.
