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Outlook The rupee is likely to open between 45.65 and 45.70 against the dollar on Tuesday. |
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Sentiment: Volatile - The rupee opened at 45.64/66 per dollar and ended lower at 45.6850/69. It touched a high of 45.63 and a low of 45.73 in intraday trades.
- Premiums on forward dollars ended lower. Annualised premiums on six-month and one-year dollars closed at 1.42 per cent and 1.32 per cent respectively.
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Money market |
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Sentiment: Bearish - Volume in the government securities market remained subdued for the third day since the announcement of the transaction tax on exchange-traded securities.
- Trading continued on the negotiated dealing system.
- The ten-year benchmark paper, 7.37 per cent 2014, closed at 5.89 per cent, compared with 5.87 per cent on Friday.
- Call rates ended at 4.25-30 per cent.
- Repo subscriptions stood at Rs 20,000 crore.
- There was no trading in the corporate bonds market.
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