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Re slips to 43.73/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 8:07 AM IST
 
Outlook: The spot rupee is expected to open in the range of 43. 71/74 per dollar on Wednesday.
 
Sentiment: Dull
 
  • The rupee opened 43.7350/74 per dollar and rose to 43.74/76 on importer demand following rising oil prices. However, portfolio inflows lifted it to 43.7250.
  • Forwards on the dollar closed rangebound with the six-month and one-year premiums at 1.49 per cent and 1.36 per cent, respectively.
 
Money market
 
Sentiment: Bearish
 
  • Strike by PSU banks led to a dull market with thin volumes.
  • Prices of long and medium-term papers fell by 20-25 paise, while the short end witnessed a fall of 10-15 paise.
  • The ten year benchmark yield closed at 6.71 per cent
  • Call rates ruled at 4.75 per cent while reverse repo bids were at Rs 18,000 crore.
  • Corporate bond market remained quiet.
 
 

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