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Outlook The rupee is expected to open in the range of 43.75-79 to a dollar. |
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Sentiment: Volatile |
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- The rupee opened at 43.87/89 and rose to 43.76 on corporate inflows. It however slipped to 43.83/84 but closed higher at 43.78 to a dollar.
- Forwards softened with the six-month and one-year premiums closing at 2.01 per cent and 1.43 per cent respectively.
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Money market |
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Sentiment: Bullish |
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- Gilt prices went up on buying demand with easing liquidity .
- Prices across all maturities moved up by 40-50 paise.
- The yield on benchmark 7.38 per cent 2015 gilt closed at 6.67 per cent.
- Call money rates hovered at 5.85/90 per cent, while subscription to reverse repo was at around Rs 1,000 crore.
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