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Re ends higher at 44.78/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 14 2013 | 9:43 PM IST
 
Outlook:
The spot rupee is expected to open in the range of 44.75/80 against the dollar.

Sentiment: Bullish
 
  • The spot rupee closed at 44.7775 against the dollar, gaining 0.1 per cent over yesterday's close of 44.835 after the Sensex rebounded from a 3-day slump and on speculation that share sales by companies would fetch money from overseas.
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    Money market
     
    Sentiment: Bearish
  • Bond prices fell, reversing earlier gains, on speculation that the RBI is considering a rate hike after it raised the yields at the weekly t-bill sale.

  • The government sold 91-day bills at a yield of 7.1027 per cent, the highest yield in five years compared with 6.6462 per cent at the previous auction on December 6.
  • The government also sold 182-day bills at a yield of 7.2523 per cent, compared with 6.8869 percent at the previous auction.

  • The price of the 10-year benchmark fell by 7 paise.

  • The yield on the 10-year benchmark rose 1 bps to 7.64 per cent.

  • Call rates closed at 7.90 per cent compared with yesterday's close of 7.55 per cent. The RBI absorbed around Rs 5000 crore from the market.
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    First Published: Dec 14 2006 | 12:00 AM IST

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