| |
Outlook
The rupee is expected to open at 46.15 and 46.19 against the greenback on Tuesday. |
| |
| Sentiment: Bullish |
| |
| The rupee opened at 46.24/25 per dollar but closed higher at 46.17/18 on the back of good inflows from exporters. Premiums on forward dollars tracked the rupee. Annualised premiums on six-month and one-year dollars closed at 1.72 per cent and 1.55 per cent respectively. |
| |
| Money market |
| |
| Sentiment: Bearish Government security prices fell across the board in response to the 50 bps hike in the cash reserve ratio to 5 per cent by the RBI on Saturday. Prices of long-term securities slid by 50-60 paise, while those of medium- and short-term paper lost 20-25 paise. Yield on the ten-year benchmark paper, 7.37 per cent 2014, closed at 6.10 per cent, higher than the previous close but lower than the intraday high of 6.20 per cent. Call money rates ended at 4.20-30 per cent. Outstanding liquidity in the system stood at Rs 37,385 crore. |
| |
|
| |
