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Outlook
The spot rupee is likely to open in the 46.10 range to a dollar on Tuesday |
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Sentiment: Bullish
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The spot rupee closed at 46.11/12 per dollar after having opened at 46.15/17.
Premiums on six-month and 12-month forwards closed at 0.90 per cent and 0.75 per cent, respectively.
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| Money market |
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Sentiment: Bullish
Prices of government securities fell by 5 paise in a rangebound trade
Yield on nine-year government stock stood at 7.02 per cent
The g-sec market looks cautious ahead of FOMC meeting tomorrow
Call rates edged up to 5.75 per cent on account of tight liquidity in the system
Liquidity is tight as the system witnessed an outflow of Rs 12,000-15,000 crore on account of advance tax payments
RBI absorbed Rs 2,680 crore through its morning reverse repo auction at 5.25 per cent
It accepted another 6 bids aggregating Rs 1,345 crore at 5.25 per cent under second liquidity adjustment (SLAF) |
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