: The rupee is expected to open between 43.73 and 43.77 to a dollar on Wednesday. | |
| Forex market |
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Sentiment: Bullish
- The rupee opened at 43.68/69 per dollar and closed lower at 43.74/75 yesterday. The currency touched an intraday low of 43.78.
- Premiums on forward dollars dipped on exporter bookings. Annualised premiums on six-month and one-year dollars closed at 0.56 per cent and 0.36 per cent respectively.
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| Money market |
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Sentiment: Bullish
- Government security prices fell during the beginning of the trading session, but bounced back in the later half of the day yesterday.
- The rebound was on the back of the announced cut-off yield of 4.53 per cent on the one-and-half-year dated security under the MSS.
- The yield on the ten-year benchmark paper closed at 5.13 per cent.
- Call money rates ended lower at 3.75-4.00 per cent, compared with the previous day's 4.30-4.50 per cent.
- Repo subscription stood at Rs 19,455 crore.
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