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Outlook:
The spot rupee is expected to open in the range of 45.62-67 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened at 45.82/84, tracking a strong dollar but fell to a close of 45.64/65 following heavy dollar sales by exporters.
The annualised premium for six-month and one-year forward dollars closed at 1.43 per cent and 1.42 per cent, respectively. |
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| Money market |
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Sentiment: Bearish
There was heavy selling pressure in the market by banks ahead of the auction to be held on October 13.
Prices of government securities fell by 30-40 paise following sales by the Life Insurance Corporation.
Call rates ruled around 6.50 per cent with the RBI absorbing around Rs 25,600 crore from the market.
The yield on the 10-year paper closed at 7.69 per cent against a close of 7.64 per cent on Tuesday.
The RBI accepted bids of around Rs 1070 crore against the notified amount of Rs 2000 crore, keeping the cutoff yield at 6.60 per cent, same as last week. |
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