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Outlook
The rupee is expected to open between 46.32 and 46.39 against the greenback on Friday. |
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Sentiment: Bearish
- The rupee opened at 46.35 per dollar and closed higher at 46.33 on benign foreign exchange inflows. It touched an intraday low of 46.38.
- Premiums on forward dollars ended lower. Annualised premiums on six-month and one-year premiums closed at 2.49 per cent and 2.28 per cent respectively.
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| Money market |
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Sentiment: Bearish
- Government security prices slid in a volatile session on selling pressure owing to the news that the size of market stabilisation scheme was being pegged at Rs 80,000 crore.
- Prices of long-term securities fell by over Rs 1.50, where those of medium-term paper slipped by 60-80 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed higher at 6.26 per cent.
- Trading in the corporate bonds market was active with buying interest coming in from provident funds and banks.
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