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| Outlook: Dealers expected the rupee to trade either side 46.00 for the next few sessions. |
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| Sentiment: Bearish |
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| The rupee inched up on Tuesday as the dollar weakened against the euro as well as Asian currencies on growing expectations the European Central Bank could signal faster tightening. The partially convertible rupee ended at 46.0025/0100 per dollar, higher than Monday's close of 46.06/07. |
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| Money market |
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| Sentiment: Bearish Gilt prices inched closer to four-year lows as sentiment remained bearish on concerns of increase in interest rates later this month. The yield on the benchmark 10-year bond ended at 8.15 percent, up from the previous close of 8.14 percent. It touched 8.19 percent on June 23, its highest in four years. Trades were low as most traders left offices early because of the rains. Call rates at were flat at 5.85 per cent following ample liquidity in the system. The actively traded 8.07 per cent 2017 paper, mostly held steady at Rs 98.65/99.00 from its previous level of Rs 98.70/99.20 with an yield of 8.26 per cent. |
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