| |
- Inflation rate at 7.38 per cent and liquidity shortage played spoilsport in the market.
- While there were no trades in long-tenure papers, prices in the medium-tenure papers fell by Rs 2 and Re 1 in short-term papers.
- Call rates ruled in the range of 5.79-6.05 per cent even as banks drew liquidity support of Rs 3940 crore from the Reserve Bank of India (RBI).
|
| |
| Forex market bullish |
| |
- The spot rupee opened at 45.17, but went up to 45.04 on the back of forex inflows and dollar bearishness. Dollar demand from corporates, however, saw the rupee close at 45.20/21.
- The six-month and one-year forward dollars closed at 2.75 per cent and 2.10 per cent, respectively.
- Outlook:The spot rupee is expected to open in the range of 45.05/15 to a dollar on Monday.
|
| |
|
| |
