| |
Outlook:
The spot rupee is expected to open in the range of 45.73-76 to a dollar. |
| |
Sentiment: Bullish
|
| |
Driven by heavy inflows after a long weekend, the spot rupee opened higher at 45.86 after closing last week at 45.92/93 to a dollar.
The rupee closed the week further higher at 45.75 to a dollar.
The annualised premium on six-month and one-year forward dollars closed at 1.43 per cent each. |
| |
| Money market |
| |
Sentiment: Bullish
LIC's gilt buying plan and crude prices falling to around $ 60 a barrel perked up market sentiment.
Prices of government securities went up by around 20-25 paise across maturities.
The yield on the 10-year benchmark paper closed at 7.60 per cent after it ended at 7.64 per cent last week.
The call rates ruled around 6.5 per cent while the RBI absorbed around Rs 17,000 crore from the market.
The market is on a wait and watch mode apprehending the auction announcement by the government.
The borrowing, slated to be held between October 6 and 13, will mop up around Rs 9000 crore from the market. |
| |
|
| |
