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Outlook:
The spot rupee is expected to open in the 44.17-44.23 band against the dollar. |
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Sentiment: Bullish
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Tracking the positive sentiment in the equity market, the spot rupee opened stronger at 44.20-44.21 as against a closing of 44.21-44.22 on Wednesday
It, however, closed a tad higher at 44.19/20 against the dollar
Annualised premiums on six-month and one-year forward dollars closed at 3.5 per cent and 3.17 per cent, respectively |
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| Money market |
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Sentiment: Bearish
Concerns on liquidity following advance taxes and higher inflation led to the bearishness in the market
Prices of government securities fell by 20-30 paise across all maturities
Yield on the ten-year paper closed at 7.99 per cent as against a closing of 7.96 per cent on Wednesday
Even as the RBI received bids to the tune of Rs 27,000 crore under reverse repo, call rates closed higher at around 5.75 per cent |
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