* Call money rates remain soft, hover around the repo rate of 5.75 per cent.
* Repo auction sees 18 bids worth Rs 16,445 crore which were accepted partially for Rs 9,867 crore.
* Short and medium gilts dart up by 40-50 paise driven by liquidity.
* The climb, however, was checked by the rise in headline inflation.
* There was profit-booking in gilts during the fag end of the day.
* Corporate bond yields dipped by 2-5 basis points tangoing the fall in gilt yields.
Outlook: Call rates will continue to hover around the repo rate because of the comfortable liquidity position. Gilt prices should remain stable amid the open market operation auction.
Sentimen t: Subdued
* The rupee remained in a tight band of 48.64 to 48.67 per dollar today.
* There were dollar inflows through non-resident Indians (NRIs). Exporters, too, contributed. But importer demand was dull.
* The terrorist attack in Kashmir had a negative impact on the rupee.
* State-owned banks were seen buying dollars on behalf of the Reserve Bank of India.
* Premiums firmed up marginally at the longer end as interest rates in the US drooped.
* The dip in gilts checked the rise in premiums.
Outlook: The rupee is likely to open stronger tomorrow, but will come down on dollar buying by state-owned banks. Forward premiums are likely to remain steady around current levels.
