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Outlook:
The spot rupee is expected to open in the range of 44.55-60 to a dollar |
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Sentiment: Volatile
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With yen weakening globally and strong dollar buying by some corporate, the spot rupee opened at 44. 59/60 rose to a high of 44.52 before closing the day at 44.57/58 to a dollar
The annualised premium for the six month and one year forward premium closed at 3.39 per cent and 2.84 per cent respectively |
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| Money market |
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Sentiment: Bearish
The government securities traded cautiously on anxiety over auction and liquidity outflow
The prices of government securities fell by 10-20 paise across maturities
The yield on 10-year paper closed at 7.53 per cent and for 5-year at 7.48 per cent on the Negotiated Dealing System of the RBI.
Call rates remained higher around 8.25/8.5 per cent with the RBI infusing around Rs 19,000 crore into the market
The auction of government securities to be held on Friday is likely to squeeze around Rs 4,000 crore from the system |
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