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Outlook:
The spot rupee is expected to open in the range of 44.75-82 to a dollar
Sentiment: Bullish
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The spot rupee opened at 44.81/82 but gained to close at 44.79/80 to a dollar following adequate forex inflows.
The annualised premium for six-month and one-year forward dollars closed at 1.93 per cent and 1.80 per cent respectively |
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| Money market |
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Sentiment: Volatile
Improvement in liquidity pushed up prices of government securities, especially in the short- and medium-end of the maturity
The prices of short- and medium-term papers went up by 40-50 paise, the long-tenure papers moved up by 20-30 paise
The yield on 10-year paper closed at 7.46 per cent
Interbank call rates closed at 6.30/40 per cent with the RBI absorbing around Rs 23,000 crore from the market
The action in the short end of the maturity picked up after results of the second tranche of liquidity adjustment facility was announced |
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