Markets Reports

Money market

Sentiment: Bullish

After a bout of selling, gilts saw fresh buying in long and medium tenors.

Long tenor gilts went up by 40-50 paise, while medium tenors moved up by 15-20 paise.

The 10-year benchmark 9.81 per cent 2013 closed at 5.32 per cent.

Call closed in the 4.25-5 per cent range.

Repo subscriptions were unusually low at around Rs 9000 crore.

Prices in corporates bonds also went up tracking the gilts.

Forex market

Market Sentiment: Bullish

The rupee witnessed a 10-11 paise slide to close at 45.81/82 on the back of FII outflows and export cancellations.

Forward premiums were range-bound. The six-month premium closed at 1.30 per cent.

 

Outlook

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The rupee is expected to open in the range of 45.78-45.82 on Monday.