Markets Report

 Sentiment: Bullish

 

 

The benchmark 10-year gilt yield ended at 5.0630 per cent.

Traders said bonds were likely to stay in a range next week.

Rates ended steady at 4.40-4.50 per cent amid ample liquidity in the money market.

There was routine demand for funds from banks to cover their reserve requirements.

At the three-day repo, the RBI received and accepted 37 bids for Rs 15,535 crore and set the cut-off rate at 4.50 per cent.

At the three-day reverse repo auction, the RBI did not receive any bids.

 Forex market

 Market Sentiment: Bullish

 

 

The rupee ended at 45.2750/2775 on dollar inflows from foreign funds and exporters.

The three-month forward premium closed at 0.72 per cent, while the six-month forward premium closed at 0.81 per cent.

 Outlook

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 Rupee will stay ranged at 45.2750/2730 to a dollar