Markets Report

Sentiment: Bullish

• The government securities market remained volatile for most part of the day following RBI governor's comments on inflation an interest rates.
• Prices of gilts recovered by 10-20 paise across the board.
• The yield on the ten-year benchmark gilt closed at 5.28 per cent.
• Call money rates closed at 4.30-35 per cent.
• Repo subscriptions stood at Rs 37,000 crore.

Forex market

Sentiment: Bearish

• The rupee opened at 45.24/25 per dollar and dipped to 45. 2625 before closing at 45.2550.
• Forward premiums maginally recovered. Annualised premiums of both six-month and one-year dollars closed at 0.45 per cent.