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Outlook
The spot rupee is expected to open in the range of 46.35/42 to a dollar. |
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Sentiment: Bearish
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The spot rupee opened at 46.25/28 and soared to a high of 46.21 before losing its way to close at 46.40 on the back of dollar demand from oil firms.
Forward premiums remained rangebound with six-month and one-year closing at 2.64 per cent and 2.40 per cent, respectively.
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MONEY MARKET
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Sentiment: Bearish
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The prices of government securities remained subdued owing to selling pressure from market players for profit taking.
The 10-year benchmark 7.37 per cent 2014 paper closed at 6.57 per cent.
Prices in the long and medium-end moved in the range of 10 paise.
Call rates remained comfortable at 4.25-30 per cent.
One-day repo subscriptions figured at Rs 17,000 crore. |
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