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BUSINESS STANDARD

Money market

Sentiment: Bearish

  • Gilts fell across the board with players gauging the effect of RIB redemption and advance tax outflows.
  • While long tenors fell 30-40 paise, medium tenors crashed 20 paise followed by short term at 5-10 paise.
  • The 10- year benchmark 9.81 per cent 2013 closed higher at 5.32 per cent.
  • Overnights were comfortable at 4.5 per cent and repo subscriptions figured at Rs 18,040 crore.
  • The market was subdued primarily on account of lack of buying.
  • Forex market

    Market Sentiment: Bullish

  • Rupee closed around 45.72/73 against the greenback.
  • Forwards came down with six-month and one-year premiums closing at 1.30 per cent and 1.25 per cent.
  •  

    Outlook


    The spot rupee is expected to open at 45.73/74 to a dollar today.

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    First Published: Sep 11 2003 | 12:00 AM IST

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