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Outlook:
The spot rupee is expected to open in the range of 46.42-47 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened at 46.57/58 but driven by cross currency rally against dollar, it closed at a high of 46.44/45 to a dollar.
The annualised premia on the six month and one year forward dollars closed at 1.18 per cent and 1.24 per cent respectively due to dollar demand. |
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| Money market |
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Sentiment: Bullish
The prices of government securities moved up by 30-50 paise as buying was brisk after the Federal Reserve refrained from another tranche of increase in the interest rate.
The yield on the ten year paper closed at 8.10 per cent.
The secondary market trading in the government securities struck a volume of around RS 3,00 crore.
The call rates ruled around 6.05/6.10 per cent with the RBI absorbing around RS 41,000 crore from the market.
The corporate bond market also joined the market rally . |
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