Markets Report

Money market

Sentiment: Flat

• Government security prices remained rangebound due to the absence of a clear market direction.
• The yields on the 10-year benchmark paper ended unchanged at 5.21 per cent.
• Call money rates ended unchanged at 4.25-4.50 per cent.
• Subscriptions to the one-day repo stood at Rs 40,345 crore.
• Yields on corporate bonds remained rangebound on inflation concerns.

Forex market

Sentiment: Bearish

• The rupee sank to a five-day closing low at 45.2650/2700 per dollar compared with Wednesday's 45.2250/2300.
• Rupee premiums on forward dollars ended lower. The annualised premium on the six-month dollar dipped to 0.37 per cent.

Outlook

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The rupee is expected to open between 45.25 and 45.30 per dollar on Friday.