Money

Sentiment : Dull

Call rates closed static at 5.65-5.75 per cent amid ample funds in the system.

There was fair demand for funds as players expected the call rates to inch up to 5.80 per cent on Monday after the 10-year gilt auction.

There were 10 bids worth Rs 13,690 crore at the three-day repo auction, all of which it accepted partially for Rs 10,952 crore at a cut-off of 5.75 per cent.

Short-tenor gilts moved up by five paise, while medium and long-end papers rose by 15-30 paise.

Gilts were driven up due to aggressive selling and buying by an insurance company.

Outlook: Gilts could open 5 to 10 paise higher amid thin trading. Call rates will hover around 5.75 per cent.

Forex

Sentiment : Positive

The rupee ended firm at Rs 48.57/5750 against its previous close of 48.6025/6075 amid ample supply and little demand for the greenback.

Reserve Bank of India