Markets Report

 Market Sentiment: Steady

 

 

The government securities market, though opened on a bullish note, ended with a whimper with no major buying interest coming in.

Prices of long-term securities declined by almost 30 paise, while medium-term papers fell by 10-15 paise.

The yield on the ten-year benchmark paper, 7.27 per cent 2013, closed at 5.06 per cent.

Call money rates hovered between 4.00 per cent and 4.50 per cent.

Subscriptions at the repo window stood at Rs 13,000 crore.

 Forex market

 Market Sentiment: Bullish

 

 

The rupee ended lower at 46.30/31 per dollar on greenback buying by state-run banks.

With the interest rate outlook being steady, premiums on the forward dollar did not move much on Tuesday.

 Outlook

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 The rupee is expected to open on Wednesday at 45.29/31 to a dollar.