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Outlook:
The rupee is likely to open at the existing levels on Wednesday |
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Sentiment: Bearish
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The rupee opened the day at 44.23/24 against the dollar and closed marginally lower at 44.22/23 per dollar
The six-month forward premium rose to 2.21 per cent (1.90 per cent) while the annualised premium ended at 1.75 per cent (1.52 per cent) |
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| Money market |
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Sentiment: Lacklustre
The gilts market saw participants shying away from taking any fresh positions due to the expectations about the auction announcement
The Centre is scheduled to raise Rs 5,000 crore ($1.1 billion) from the market through 10- to 14-year bonds between February 14-22
The yield on the benchmark 10-year paper ended at 7.3580 per cent marginally higher than the previous close of 7.34 per cent
Call rates opened at yesterday's levels of 7.00-7.10 per cent, touched an intra-day high of 7.25 per cent but ended flat at the opening levels
The RBI pumped in a total of Rs 24,145 crore through the LAF windows, and mopped up bids worth Rs 130 crore at the SLAF reverse repo window. However, there was no trade in the morning LAF sessions at the reverse repo window. |
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