| |
Outlook:
The spot rupee is expected to open in the range of 44.65-70 to a dollar on Tuesday
Sentiment: Dull
|
| |
The spot rupee opened at 44.61 and lost a tad to close for the day at 44.67 to a dollar.
The annualised premium for six-month and one-year dollars, backed by importer demand closed at 2 per cent and 1.8 per cent even it opened lower. |
| |
| Money market |
| |
Sentiment: Bullish
Anticipating weak data from the US and consequent fall in yields, there was good demand for government securities.
While short- and long-term papers stayed flat, medium-tenure papers shot up 20-40 paise.
The yield on 10-year benchmark paper closed at 7.38 per cent against a close of 7.43 per cent last week.
Call rates ruled easy at 6.10 per cent with the RBI absorbing around Rs 14,400 crore from the market.
The market is expecting the 10-year benchmark to reach 7.35 per cent if the US data on Tuesday comes weak for dollar |
| |
|
| |
