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Outlook:
The spot rupee is expected to open in the range of 45. 97-46.03 to a dollar on Monday. |
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Sentiment: Bullish
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The spot rupee opened at 45.96/97 and recovered to 45.89/90 before closing for the day at 45.99 to a dollar.
Six month and one year annualised premiums on forward dollars closed higher at 0.98 per cent and 1.07 per cent as against 0.80 per cent and 0.98 per cent, respectively, on Thursday. |
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| Money market |
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Sentiment: Bearish
The market opened weak in response to the reverse repo rate hike by the RBI on Thursday but firmed up later with buying demand.
Prices of securities had a net fall of 70-80 paise.
Buying demand was seen mostly in 9.39 per cent 2011 and 7.59 per cent 2016 papers which registered a volume of Rs 1500 crore and Rs 510 crore.
The yield on the ten year paper closed at 7.82, 15 basis point higher than Thursday's close of 7.67 per cent.
Interest rate swap rates for five year period witnessed an all time high of 7.17 per cent.
The corporate bond market remained lacklustre |
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