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Outlook:
The spot rupee is expected to open in the range of 44.10-15 to a dollar on Thursday.
Sentiment: Bullish
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The spot rupee opened at 44.10/11, rose to a high of 44.07 before closing for the day at a low of 44.13 against dollar following intervention.
The six-month forward dollars closed lower at 3.06 per cent against 3.33 per cent. |
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| Money market |
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Sentiment: Dull
Concerns over liquidity and outcome of the forthcoming government security auction led to bearish sentiment.
Prices of most government securities remained flat during the day barring 2-3 paise movement in the benchmark securities.
The yield on 10-year benchmark security closed at 7.75 per cent.
Call rates ruled around 7/7.50 per cent even reaching day's low of 6.75 per cent, while the RBI infused around Rs 4500 crore into the market.
The RBI announced a cut of yield of 7.52 per cent for the 91 day t-bill, while the 182 day t-bill got auctioned at a yield of 7.62 per cent . |
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