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Outlook: The spot rupee is expected to open in the range of 46.43-48 to a dollar |
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Sentiment: Bearish |
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The spot rupee opened at 46.42 and closed at 46.46 to a dollar. The six-month and one-year annualised dollar premiums closed at 1.40 per cent and 1.36 per cent, respectively. |
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Money market |
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Sentiment: Bearish Prices of government securities remained flat during most part of the day. The yield on the 10-year benchmark closed at 8.03 per cent.
Call rates ruled at 6.05/6.10 per cent with the RBI absorbing around Rs 24,000 crore.
Four state governments have announced the sale of 10-year paper to raise Rs 1050.82 crore on August 25.
The corporate bond market remained lacklustre with few trades |
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