Markets Report

 Sentiment: Weak

 

 

Yields on government securities went up on Friday as higher-than-expected inflation data spooked the sentiment.

The yield on the benchmark 10-year security, 7.27 per cent 2013, ended at 5.1433 per cent, up from the previous day's close of 5.1114 per cent.

The actively traded 8.07 per cent 2018 paper finished at 5.5987 per cent, up from the previous day's close of 5.5467 per cent.

Call rates crashed below four per cent on the last day of the reporting cycle due to thin demand.

Subscriptions for the RBI's three-day repo stood at Rs 25,835 crore.

 Forex market

 Market Sentiment: Bullish

 

 

The rupee rose for the second straight day on Friday and closed at 45.8500/8600 per dollar.

The annualised premium on the one-year forward dollar rose to 0.17 per cent, while that on the six-month dollar shrank to 0.11 per cent.