Money market |
|
Sentiment: Bullish
|
|
| Yields on long-dated government securities fell on Thursday evening on hopes that cash-flush investors will flock to buy gilts at the twin auction scheduled early next week, dealers said. |
| The 10-year benchmark, the 9.81 per cent 2013 paper, was nearly unchanged at 5.8668 per cent. It had closed at 5.8680 per cent on Wednesday. |
| The 6.25 per cent 2018 bond was dealt at 6.0264 per cent, down from 6.0673 per cent before the twin auction announcement. |
| The fall in this stock could lead to a fall in yields on other, similar-dated paper. Traders are buying this stock on hopes that investors like mutual funds and co-operative banks will bid for it later. |
|
|
Forex market |
|
Market Sentiment: Dull
|
|
| The rupee ended flat at 47.3525/3575 per dollar on Thursday, with state-owned banks absorbing surplus dollars after foreign banks stopped their purchases, which had caused the unit to dip slightly earlier in the day. The six-month dollar closed at 2.30% (Wednesday 2.27%), while the one-year premium ended flat at 2.5%. |
|
|
Outlook: Light trading is expected in the spot and forward markets ahead of an extended weekend, with the markets closed on Good Friday. |
