| |
Outlook
The rupee is expected to open between 46.33 and 46.38 against the greenback on Tuesday. |
| |
| Sentiment: Dull |
| |
| The rupee opened at 46.32/33 per dollar ended lower at 46.3650/37 amid more demand for and tight supply of greenbacks. Premiums on forward dollars were ranged. Annualised premiums on six-month and one-year closed at 2.45 per cent and 2.8 per cent respectively. |
| |
| Money market |
| |
| Sentiment: Bullish Government security prices took a battering after the Reserve Bank of India revised its outlook for inflation upwards in its annual report. Prices of long-term gilts slipped by Re 1, while those of medium-term securities slid by 60-70 paise. Yield on the ten-year benchmark, 7.37 per cent 2014, shot up 6.16 per cent, compared with 6.05 per cent previously. Call money rates ended at 4.30-4.40 per cent. The spread between the yield on five-year AAA-rated corporate bond and that on gilt of corresponding maturity narrowed because of rising gilt yields. |
| |
|
| |
