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| Sentiment: Bullish |
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| The spot rupee rebounded and closed at 44.835 against the dollar, after dropping as much as 0.2 per cent to 44.935, as exporters bought the rupee on slide to two-week low. The spot rupee closed at 44.8488 against the dollar yesterday. |
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| Money market |
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| Sentiment: Bearish Bonds fell for a second day, as rising borrowing costs in the overnight money market added to the concern that government debt sales and company tax payments this week will leave banks with less spare funds. The price of the ten-year benchmark fell by 63 paise. The yield on the ten-year benchmark rose 10 basis points to 7.63 per cent Call rates were at 7.55 per cent, the highest intraday level since September 29, after investors yesterday paid Rs 9,000 crore for government debt sold on December 8. The RBI absorbed around Rs 9,600 crore from the market. -Eight state governments will auction debt worth a total of Rs 1,960 crore on December 14, a day before companies are due to pay the third instalment of advance taxes. |
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