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Outlook
The rupee is expected to open between 45.75 and 45.82 against the dollar on Tuesday. |
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Sentiment: Bullish
- The rupee opened at 45.60/70 per dollar and slid sharply to close at 45.81 due to dollar demand from importers.
- Premiums on forward dollars eased as there was receiving interest in the market from corporates and banks. Annualised premiums on six-month and one-year dollars closed at 1.35 per cent and 1.17 per cent respectively.
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| Money market |
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Sentiment: Bullish
- Government security prices zoomed on below-than-expe-cted inflation data and US jobs numbers.
- Prices of short- and medium-term securities edged up by 40-50 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed lower at 5.71 per cent, compared with 5.87 per cent previously.
- Call money rates hovered in the range of 4.20-30 per cent.
- Repo outstandings went up to Rs 76,915 crore, while daily subscriptions stood at Rs 20,990 crore.
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