Rupee moves up to 45.16/$

MARKETS REPORT

Sentiment: Bullish

• The spot rupee rose to 45.15/16 per dollar as against the previous close of 45.23 backed by a weak dollar in the overseas market
• The six-month forward fell to 1.14 per cent and the 12-month forwards was almost flat at fell to 0.93 per cent

Money market

Sentiment: Bullish

• The gilt market rose by 10 paise amid some improvement in liquidity
• Yield on the nine-year government paper stood at 7 per cent
• Call rates fell to 5.50 per cent after having opened at 6.10 levels as there was some cash surplus
• RBI absorbed Rs 150 crore through its morning reverse repo auction at 5.25 per cent. It infused a sum of Rs 1,330 crore at 6.25 per cent
• The bank mopped up Rs 7,220 crore at 5.25 per cent under the second liquidity adjustment facility (SLAF) and injected Rs 170 crore at 6.25 per cent