Market Reports

Money market

Sentiment: Positive

Gilts at the short-end of the maturity spectrum saw active trading on account of the sharply lower cut-offs at the treasury bills auctions.

Call money rates ruled easy below the repo rate of five per cent.

Forex market

Market Sentiment: Bullish

The rupee strengthened to close at 47.3450/350 on dollar selling by corporates.

The six-month annualised forward premium closed at 1.75 per cent.