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Markets Report

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BUSINESS STANDARD

Money market

Sentiment: Bullish

  • While the first half saw prices of government securities moving up by 25-30 paise in the 9-10 year segment on hopes of an ECB rate cut, in the second half there was a rally of 40 paise across maturities.
  • Call hovered around 4.92 per cent with repo subscriptions at Rs 18,000 crore.
  • The newly issued 9-year paper was heavily traded during the day.
  • There was some profit booking at higher levels.
  • Forex market

    Market Sentiment: Volatile

  • The ECB rate cut and firm euro vs dollar led to the rupee closing at Rs 46.90/$ after reaching an intra-day low of Rs 46.9550 and a high of Rs 46.88. Six-month and one-year premiums moved to 1.85 per cent and 1.75 per cent, respectively.
  •  

    Outlook: The dollar weakening against the euro will lead to spot rupee opening at Rs 46. 85/87.

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    First Published: Jun 06 2003 | 12:00 AM IST

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