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| Money market |
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Sentiment: Bearish
- Government security prices sank as investors booked profits after buying heavily last week.
- Prices of long-term securities fell by 15 paise and those of medium-term securities slid by 5-10 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed higher at 5.19 per cent compared with the previous close of 5.18 per cent.
- Call rates closed at 4.30-4.40 per cent.
- Volume in the repo market crossed another record figure of Rs 51,000 cr.
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| Forex market |
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Sentiment: Bullish
- The rupee ended higher at 45.24/25 per dollar compared with 45.2550/2650 on Friday.
- Premiums on forward dollars moved up after reported RBI intervention. Annualised premiums on six-month and one-year dollars closed at 0.38 per cent and 0.48 per cent, respectively.
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| Outlook The rupee is expected to open between 45.22 and 45.25 against the dollar on Tuesday. |
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