Markets Report

 Sentiment: Bullish

 

 

The prices of gilts recovered on the back of the proposed liquidity adjustment measures released by RBI.

As per the draft guidelines, RBI may lower floor of interest rate below repo rate.

The 10-year benchmark closed around 5.17 per cent.

Prices on the long end moved rose 30-40 paise, while medium-term papers surged 60-70 paise.

Call rates remained around 4.25 per cent and subscription to the repos figured at Rs 31,000 crore.

 Forex market

 Market Sentiment: Moderate

 

 

Backed by good inflows, the rupee closed higher at 45.69/70 against Monday