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Outlook:
The spot rupee is expected to open in the range of 40.32-38 to a dollar. |
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Sentiment: Flat
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The spot rupee opened at 40.34/ 36 and closed a tad lower at 40.35/ 36.
The annualised premiums on the six-month and one-year forward dollars closed around 1.39 per cent and 1.64 per cent, respectively. |
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| Money market |
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Sentiment: Bullish
Excess liquidity in the system further brought down the yields on the government securities amid brisk trading.
The yield on the ten-year 7.49 per cent 2017 paper closed at 7.85 per cent as against 7.91 per cent on Monday.
The prices of government securities went up by 40-45 paise across maturities.
Call rates continued to rule around 0.25 per cent with the RBI receiving bids to the tune of around Rs 60,000-70,000 crore under reverse repo.
The government will auction treasury bills of around Rs 4,000 crore and MSS bonds of Rs 5,000 crore on Wednesday for absorbing excess liquidity. |
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