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Re ends flat at 43.08/$

MARKETS REPORT

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Our Research Bureau Mumbai
Last Updated : Feb 05 2013 | 12:21 AM IST
 
Outlook:
The rupee is expected to open around 43 against the dollar on Thursday
 
Sentiment:Bearish
 
  • The spot rupee breached Rs 43 mark and traded at Rs 42.92/93 but later retreated to close at Rs 43.06/08.
  • The annualised premiums for the six-month and one-year forwards closed at 5 per cent and 4.50 per cent, respectively.
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    Money Market
     
    Sentiment: Bullish
  • Liquidity remained comfortable on Wednesday.
  • Some banks picked up bonds to meet statutory liquidity requirements (SLR).
  • Yield on the 10-year government paper was flat at 8.16 per cent. It is likely to remain in the 8.15-8.20 range
  • The cut-off yield for auction for 7.55 per cent 2010 bonds (Rs 6,000 cr) was 8.24 per cent.
  • Call rates eased today. Most of trades happened in 7.5-10 per cent range while the Reserve Bank of India infused over Rs 8,000 crore on net basis.
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