Rupee closes higher at 45.65/$

MARKETS REPORT

Outlook: The rupee is expected to open between 45.84 and 45.89 against the greenback on Thursday.

Sentiment: Bullish

• The rupee opened at 45.67/68 per dollar and closed higher at 45.64/65 to a dollar on the back of good forex inflows. It hit an intraday high of 45.6050.
• Premiums on forward dollars were rangebound. Annualised premiums on six-month and one-year dollars closed at 2.58 per cent and 2.12 per cent respectively.

Money market

Sentiment: Nervous

• Prices of government securities prices fell across the board on nervousness ahead of the RBI's mid-term policy review announcement.
• Prices of long- and medium-term securities slipped by 40-50 paise.
• Yield on the benchmark ten-year gilt closed higher at 6.68 per cent.
• Call money rates ended at 4.8 per cent on fears of falling liqudity in the market.
• Repo outstandings stood at Rs 5,700 crore.