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| Outlook: The spot rupee is expected to open in the range of 43.80/83 to a dollar on Monday. |
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| Sentiment: Bearish |
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- The spot rupee opened at 43.70/71 on Friday and dipped to close at 43.82/83 amid dollar buying by public sector banks at the behest of the RBI.
- Forward premiums came off with banks rushing to buy the greenback to be sold at a later date, apprehending dollar shortage due to repeated intervention by the RBI.
- The six-month and one-year premiums closed at 1.52 per cent and 1.36 per cent, respectively.
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| Money market |
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| Sentiment: Bullish |
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- Prices of government securities rallied on Friday amid profit booking by a few banks.
- Long-term gilt prices went up by 20-35 paise, while medium- and short-term papers saw a 5-10 paise rise.
- The yield on the benchmark 7.38 per cent 2015 paper closed at 6.46 per cent.
- Call rates ruled bit higher in the 4.79-4.80 per cent range.
- Reverse repo bids were at Rs 8,670 crore owing to outflows towards indirect tax collection.
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