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| Outlook: The rupee is expected to open between 45.05 and 45.03 against the greenback on Thursday. |
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| Sentiment: Bullish |
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- The rupee ended higher for the sixth consecutive day on Wednesday at 45.0550/0650 per dollar, compared with Tuesday's close of 45.0675/0750. It hit an intraday high of 44.9800.
- Premiums on forward dollars slid. Annualised premium on the benchmark six-month dollar slipped to 1.67 per cent.
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| Money market |
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| Sentiment: Bearish |
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- Government security prices slid initially but rebounded on comments from a finance ministry official on the huge cash surplus held by the Reserve Bank of India.
- Corporate bond yields were stuck in a range, though sentiment was pepped up on hopes that the next scheduled gilt auction could be postponed.
- Yield on the 7.38 per cent 2015 paper eased to 7.1826 per cent, from 7.1959 per cent before the comments. It closed on Tuesday at 7.1399 per cent.
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