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Re ends at 44.20/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 25 2013 | 11:50 PM IST
 
Outlook:
The rupee will open at 44.25 on Monday
 
Sentiment: Bearish
 
  • The rupee ended at 44.19/20 per dollar, up 0.15 percent from Wednesday's close of 45.26.

  • The rupee gained strength from yen's rally vis-à-vis the dollar but RBI capped the rupee's gains as it is overvalued by 10 per cent on a trade weighted basis.

  • In the forwards segment, the six-month premium closed at 2.04 per cent and the 12-month premium closed at 1.59 per cent.
  •  
    Money market
     
    Sentiment: Bearish
  • Gilt prices moved in a range of 15-20 paise, ahead of the auction slated for next week.

  • Yield on the benchmark 10 year gilt rose a tad to close at 7.36 per cent against its previous close of 7.35 per cent.

  • Call money rates eased to 7 per cent as RBI released some funds into the domestic banking system.

  • RBI did not receive any bids at the reverse repo window even as it infused Rs 14,445 crore through the morning reverse repo auction.

  • RBI mopped up Rs 180 crore at the second reverse repo auction and injected a sum of Rs 5,050 crore into the system.
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