Markets Report

 Sentiment: Moderate

 

 

Gilt prices during the day moved up 50-70 paise in long tenors and 40-50 paise in medium tenors.

Prices fell following the high cut-off in the auction on Thursday and high inflation figures.

The 10-year benchmark 7.27 per cent 2013 closed around 5.19 per cent.

Call money rates were comfortable at 4.25 per cent.

Repo subscriptions stood at Rs 20,000 crore.

 Forex market

 Market Sentiment: Bullish

 

 

The spot rupee opened at 45.62 and went up to 45.5950 before closing at 45.60 to a dollar.

Forwards firmed up slightly with the 6-month and 1-year closing at -0.03 per cent and per cent.

 Outlook

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 The spot rupee is expected to open on Monday at 45. 58/62 to a dollar.