Market Reports

Money market

Sentiment: Bullish

Gilts opened about 30 paise lower on higher inflation rate, but rate cut expectations led a recovery of 40 paise.

The benchmark 9.81 per cent 10 year paper opened at 5.925 per cent (Rs 129.18) and ended at 5.880 per cent (Rs 129.58).

The one-year T-bill was dealt below the repo rate at 4.90 per cent.

Call money rates closed at 4.00-4.50 percent compared with Saturday