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Outlook:
Traders expect the rupee to open at 44.45 depending upon the dollar's movement overseas. |
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Sentiment: Bearish
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In a volatile trade, the rupee further weakened to 44.42 a dollar today from yesterday's close of 44.34 tracking a strong dollar overseas.
In the forwards segment, six-month premium closed at 1.93 per cent and the 12-month premium ended at 1.49 per cent. |
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| Money market |
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Sentiment: Bearish
Prices of short-tenure gilts moved in a tight range with a bearish undertone because of scaling of global crude oil prices.
The 8.07 per cent 2017 gilt closed at 7.20 per cent today from its previous close of 7.19 per cent.
Call rates closed at 6.40 per cent owing to lack of demand from banks.
Dealers expect call rates to touch 7:00 per cent levels tomorrow on account of reporting fortnight.
The RBI mopped up Rs 15 crore through morning reverse repo auction and infused Rs 8,395 crore into the banking system. |
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