Markets Report

Sentiment: Bullish

• Government security prices went up as the Federal Reserve decided to keep its funds rate unchanged.
• Prices of long-term securities went up by 15-20 paise and those of medium-term papers moved up by 10-15 paise.
• The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed at 5.17 per cent.
• Call money rates remained high at 4.50 per cent.
• Repo subscriptions stood at Rs 45,000 crore.

Forex market

Sentiment: Dull

• The rupee opened at 45. 24/25 per dollar and closed marginally lower at 45. 2450/2550.
• Premiums on forward dollars inched up. Annualised premiums on six-month and one-year dollars ended at 0.45 per cent and 0.5 per cent, respectively.

Outlook The rupee is expected to open between 45.23 and 45.25 against the greenback.