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Re ends higher at 45.86/$

MARKETS REPORTS

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 5:00 PM IST
 
Outlook: The rupee is expected to open between 45.84 and 45.89 against the greenback on Thursday.
 
Sentiment: Bearish
 
  • The rupee opened at 45.90/91 per dollar and ended higher at 45.8550/8650.
  • Premiums on forward dollars rose sharply. Annualised premiums on six-month and one-year dollars closed at 2.45 per cent and 2.14 per cent respectively.
 
Money market
 
Sentiment: Bearish
 
  • Government security prices slid across the board on surging global oil prices and falling liquidity in the banking system.
  • Prices fell by 20 paise across all maturities.
  • The yield curve has turned negative. While the ten-year paper is yielding 6.51 per cent, the 11-year gilt is returning 6.45 per cent.
  • Call money rates moderated to 4.60 per cent.
  • Repo outstandings stood at Rs 8,000 cr.
 
 

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First Published: Oct 07 2004 | 12:00 AM IST

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