Markets Report

 Sentiment: Bullish

 

 

Prices of government securities went up by 30-40 paise in the long term and 20 paise in the medium term.

The yield on the ten-year benchmark paper 7.27 per cent 2013 closed at 5.10 per cent.

Call money rates shot up during the day to above 7 per cent, but eased to 3.5 per cent as players preferred to borrow in repos outside the purview of the RBI.

While the apex bank rejected all repo bids, there were no reverse repo bids.

 Forex market

 Market Sentiment: Bullish

 

 

The rupee ended higher at 45.28/29 per dollar on Thursday compared with 45.31/32 on Wednesday.

Forward premiums went up amid demand from corporates and banks. The six-month annualised premium closed at 0.7 per cent.

 Outlook

---

 The rupee is expected to open at 45.28/30 per dollar on Friday.