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Outlook:
The spot rupee is expected to open in the 43.70-43.75 against the dollar |
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Sentiment: Bearish
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Dollar buying by banks on easing of liquidity and importer demand for dollar led the spot rupee to close at a low of 43.73/74 after opening at 43.53/55 against the greenback
The annualised premiums on six-month and one-year annualised forward dollars closed at 3.44 per cent and 3.09 per cent, respectively, as against highs of 4.70 per cent and 3.73 per cent on Wednesday. |
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| Money market |
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Sentiment: Bullish
The government securities market witnessed buying as the liquidity situation eased
Gilt prices moved up in a range of 30-70 paise across maturities
Yield on the ten-year paper closed at 7.95 per cent as against a high of 8.03 per cent on Wednesday
The liquidity situation cooled down with the assurance of the government for spending and the calling off of the bank strike.
Call rates dipped to close at 15 per cent even as the RBI infused around Rs 40,000 crore into the system
The 6.65 per cent 2009 paper under MSS was auctioned at a cut-off yield of 8.01 per cent as against 7.96 per cent last week |
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