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| Money market |
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Sentiment: Bearish
- Government security prices jumped as investors shrugged off the announced size of market stabilisation bonds and bought securities of all maturities.
- Prices of long-term papers soared by 50-60 paise and those of medium-term ones went up by 30-40 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2013, closed at 5.2473 per cent, down from Monday's 5.2520 per cent.
- Call money rates ended higher at 4.35-4.50 per cent compared with 4.25-4.50 on Monday.
- Subscriptions at the repo window stood at Rs 39,000 crore.
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| Forex market |
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Sentiment: Bullish
- The rupee opened at 45.2850 per dollar and closed at 45.28 before hitting an intraday low 45.3075.
- Forward premiums remained soft. Annualised premiums on six-month and one-year forward dollars closed at 0.30 per cent and 0.40 per cent respectively.
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| Outlook The rupee is expected to open between 45.26 and 45.28 per dollar. |
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