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Volatile rupee ends lower

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 9:56 AM IST
 
Outlook
The rupee is likely to open between 45.65 and 45.70 against the dollar on Tuesday.
 
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.
 
Money market
 
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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