| |
Outlook:
The spot rupee is expected to open in the range of 44.96-45.05 to a dollar.
Sentiment: Bearish
|
| |
The spot rupee opened at 44.70/80 but reached a low of 45 following dollar buying by public sector banks before closing for the day at 44.97/98 to a dollar.
The annualised premium for six-month and one-year forward dollars closed at 1.80 per cent and 1.70 per cent, respectively. |
| |
| Money market |
| |
Sentiment: Bullish
The government securities market remained firm triggered by moderate oil prices, lowering US yields and improvement in liquidity.
The yield on the benchmark 10-year paper closed at 7.59 per cent.
Prices of long-term papers moved up by almost 70-80 paise, whereas short- and medium-term papers witnessed an upward movement of 10-12 paise.
Call rates ruled around 6.50/6.60 per cent with the RBI absorbing around Rs 2800 crore.
The market expects to improve further during the week as players were cautious on Monday to arrange funds for the beginning of the reporting fortnight. |
| |
|
| |
