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Re ends at 44.67/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Jan 28 2013 | 5:54 PM IST
 Sentiment: Bearish

 
  • The spot rupee opened higher at 44.60/61 as against a close of 44.65/66 against the dollar last week, but weakened later to close at 44.66/67
  • In the forwards segment, premiums on the six-month and one-year dollars closed at 1.87 per cent and 1.69 per cent, respectively
  •  Money market
     Sentiment: Bearish

  • Ahead of the anticipated Fed rate hike and year-end valuation, the market reeled under a bearish sentiment
  • Banks sold gilts across all maturities
  • The yield on the 8.07 per cent 2017 paper closed higher at 7.42 per cent as against 7.37 per cent in the weekend
  • Call rates eased to 6.40 per cent
  • The corporate bond market remained lacklustre
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