Business Standard

Rupee slips to 45.85/$

MARKETS REPORTS

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Our Banking Bureau Mumbai
Forex market
 
Outlook
The spot rupee is expected to open in the range of 45. 84/88 to a dollar.
 
Sentiment: Moderate
 
  • The spot rupee dipped to 45.89 but recovered to close at 45.85.
  • The premium on forward dollars remained ranged with annualised premiums on six-month and one-year closing at 2.62 per cent and 2.17 per cent respectively.
  •  
    Money market
     
    Sentiment: Bearish
  • Bond prices fell after opening with a bullish note.
  • There were no trades in the long-tenor papers. The medium-tenor gilts witnessed a price fall of 50-60 paise, while short-term papers slipped by 20-25 paise.
  • Call rates remained at 4.60 per cent and outstanding liquidity is at around Rs 10,000 crore.
  • The 11-year benchmark 7.38 per cent 2015 closed at 6.93 per cent.
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    First Published: Oct 13 2004 | 12:00 AM IST

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