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Outlook:
The spot rupee is expected to open in a wide range of 45.65-70 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened at 45.71/73 to a dollar but appreciated during the day to close at 45.64/65 to a dollar backed by foreign exchange inflows and dollar sales by corporates.
The annualised premium for six-month and one-year forward dollars closed at 1.36 per cent and 1.37 per cent respectively. |
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| Money market |
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Sentiment: Cautious
The apprehension on the auction announcement weighed heavily on market sentiment.
Prices of government securities remained flat in the short term as the market is anticipating a liquidity crunch in this segment in the following weeks leading to Diwali.
Prices in the long term papers, however, moved up by 30-40 paise .
The yield on the 10-year benchmark paper closed around 7.59 per cent.
Even as the RBI absorbed around Rs 29,000 crore from the market through reverse repo, interbank call rates ruled around 6.40-50 per cent. |
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