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Re ends stronger at 43.84/$

MARKETS REPORTS

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 5:33 PM IST
 
Outlook
The rupee is expected to open in the range of 43.75-79 to a dollar.
 
Sentiment: Volatile
 
  • 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.
 
Money market
 
Sentiment: Bullish
 
  • 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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First Published: Dec 22 2004 | 12:00 AM IST

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