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Outlook
The rupee is expected to open between 46.30 and 46.33 against the dollar on Wednesday. |
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Sentiment: Dull
- The rupee opened at 46.29 per dollar and closed lower at 46.31.
- Premiums on forward dollars ended flat. Annualised premiums on six-month and one-year dollars closed at 2.64 per cent and 2.31 per cent respectively.
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| Money market |
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Sentiment: Bullish
- Government security prices inched up on cooling oil prices and on hopes that this week's inflation data would be benign.
- Prices of medium-term paper rose by a rupee, while those of long-term securities gained by 25 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2104, closed lower at 6.25 per cent.
- Call money rates ended at 4.20-4.30 per cent.
- Subscriptions to one-day repo stood at Rs 17,900 crore.
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| The spread between the yields on five-year AAA-rated corporate paper and the gilt of comparable maturity shrunk to 65 basis points. |
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