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Outlook: The rupee is expected to open in the range of 45.95-46.10 per dollar on Wednesday. |
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Sentiment: Bearish |
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- The rupee ended at a one week low of 46.0900/0950 per dollar, compared with the previous close of 45.9500/9600, on dollar demand from oil firms.
- Forward premiums inched up. Annualised premium on the six-month dollar rose to 1.69 percent from 1.53 per cent previously.
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Money market |
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Sentiment: Bearish |
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- Government securities prices were rangebound today as cautious investors offloaded positions ahead of a two-day US Federal Reserve meeting.
- Prices of short- and medium-term papers fell by 10-40 paise.
- Yield on the benchmark 10-year security closed at 5.8435 per cent, compared with 5.7996 per cent on Monday.
- Call money rates closed unchanged at 4.25-4.50 per cent amid comfortable liquidity and limited demand.
- Subscriptions to the seven-day repo stood at Rs 20,315 crore.
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