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Outlook:
The spot rupee is expected to open in the range of 46.15-19 to a dollar. |
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Sentiment: Dull
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The spot rupee opened at 46.14 and closed at a low of 46.16 after reaching an intraday high of 46.12 and low of 46.18 to a dollar.
The annualised premia on six month and one year dollars closed at 1.10 per cent and 1.20 per cent respectively. |
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| Money market |
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Sentiment: Dull
Prices of government securities remained flat throughout the day, moving up by 5 paise in the beginning and then coming down in the same way later.
The yield on the ten year paper closed at 8. 16 per cent.
There were very few securities traded, mainly 9.39 per cent 2011 and 7.37 per cent 2014.
Call rate was comfortable around 5.8/5.9 per cent with the RBI absorbing around RS 60,000 crore from the market.
The RBI has cut down the size of the auction to be held next week from RS 10,000 crore to RS 7000 crore. |
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