Business Standard

Spot rupee ends at 46.38/$

MARKETS REPORT

Image

Our Banking Bureau Mumbai
Forex market
 
Outlook:
The spot rupee is expected to open in the range of 46.34-40 to a dollar.
 
Sentiment: Bearish
 
  • The spot rupee opened and closed around 46.36/38 but reached an intraday high of 46.28 to a dollar.

  • The premium for six-month and one-year forward dollars closed at 1.14 per cent and 1.23 per cent respectively.
  •  
    Money market
     
    Sentiment: Bullish
  • Following the government's statement on advancing of the July borrowing programme, market sentiment turned bullish.

  • Prices of government securities firmed up by 8-10 paise on buying demand from banks and primary dealers.

  • The yield on the 10-year paper closed at 8.12 per cent.

  • Call rates ruled around 5.85/86 per cent with the RBI absorbing around Rs 39,000 crore.

  • Corporate bond market witnessed brisk trading in short term instruments such as CDs and CPs.
  •  
     

    Don't miss the most important news and views of the day. Get them on our Telegram channel

    First Published: Jun 27 2006 | 12:00 AM IST

    Explore News