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Re ends higher at 46.51/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 26 2013 | 12:10 AM IST
 
Outlook:
The spot rupee is expected to open in the range of 46. 48-52 to a dollar.
 
Sentiment: Bullish
 
  • The spot rupee opened at 46.56 to a dollar but gained to close at 46.51 tracking a strong yen.

  • The annualised premia on the six month and one year forward dollars closed at 1.40 per cent and 1.35 per cent respectively.
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    Money market
     
    Sentiment: Dull
  • The prices of government securities remained rangebound in a narrow band of 5-10 paise.

  • The yield on the ten year paper closed at 7.95 per cent.

  • Liquidity improved as the RBI absorbed around Rs 39,000 crore from the market as against Rs 24,000 crore last weekend.

  • The call rates ruled in the range of 6.05-6.10 per cent.

  • The market is awaiting the announcement of the next government borrowing programme which is slated in the first week, of September.
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