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Outlook:
The spot rupee is expected to open in the range of 45.76-83 to a dollar. |
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Sentiment: Bearish
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Dollar bullishness globally led to the spot rupee opening weaker at 45.74/75 as against a close of 45.72/73 to a dollar on Monday.
Dollar demand led it to a close of 45.81/82 to a dollar during the day.
The annualised premium for six-month and one-year forward dollars closed at 1.32 per cent and 1.34 per cent, respectively. |
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| Money market |
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Sentiment: Bullish
Following demand for SLR papers, prices of government securities moved up across maturities.
While the papers in the long-end of the maturity went up by 35-40 paise, the short and medium term segment rallied by 15-30 paise.
The yield on the 10-year paper closed at 7.61 per cent.
Call rates ruled around 6.40-6.50 per cent with the RBI absorbing around Rs 23,000 crore from the market.
Even as the auction announcement was in line with the market expectation, the rising US yields weighed on the market sentiment. |
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