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| Outlook: The rupee is expected to open between 45.96 and 46.04 against the dollar on Wednesday. |
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Sentiment: Bullish - The rupee opened at 46.04/07 per dollar and ended higher at 45.98 on the back of exporters' dollar sales. It touched an intra-day low of 46.18.
- Premiums on forward dollars inched up as interbank players hedged their spot dollar purchases. Annualised premiums on six-month and one-year dollars closed at 2 per cent and 1.62 per cent respectively.
Money market |
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Sentiment: Bearish - Government security prices slid on postponement of decision on the EPF interest rate.
- While there was not much trading in long-term gilts, prices of medium-term securities slipped by 15-20 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed higher at 5.85 per cent, compared with 5.83 per cent on Monday.
- Call money rates ended flat at 4.25-4.30 per cent.
- Repo subscriptions stood at Rs 12,500 crore.
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