Sentiment: Bearish Prices of government securities dipped due to lack of buying demand and selling by banks for quarter-end profits. Prices of long-term securities declined by 90 paise, while those of medium-term papers slid by 70-80 paise. The yield on 7.27 per cent 2013, the ten-year benchmark paper, closed at 5.23 per cent up from 5.18 per cent on Friday last week. Call money rates hovered between 4.25 per cent and 4.50 per cent. Repo subscriptions touched Rs 32,000 crore (Rs 25,745 crore at one-day auction and Rs 6,435 crore in 14-day auction). Forex market Market Sentiment: Bullish The rupee ended higher at 45.73/74 on the back of good dollar inflows. The Six-month forward dollar ended at a discount of 0.08 per cent, while the one-year forward closed at a premium of 0.21 per cent. Outlook The rupee is expected to open in the range of 45.73-75 to a dollar.
